LIFE MARGIN is the excess of time and energy available for discretionary things.
For business owners, higher net profit margins lead to greater life margin.
What is margin? Simply put, margin is the excess. So net profit margin is the excess of revenue over expenses and is expressed as a percentage.
For many business owners, the business takes everything they have in terms of time and energy. These owners have zero life margin. They run from one fire to another – doing their best to put them out quickly. There is no spare time; there is no spare energy. The company owns them. Because their profit margin is low or unpredictable, they cannot hire people with the expertise to help them change that reality – the profits are too small and the uncertainty around whether the people will perform is too great.
Everything I write is designed to change the reality of too little margin.