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S2 EP3: Rob Fraser - CEO Outway Socks.

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The Importance of Gross Margin in Business

"The main goal is to stay in business so that you can make sense of what you're doing," he says. "I didn't have a master plan I didn't go to business school and launch the product with the idea we're gonna create designs ... nothing was never a thought" In e-commerce there's some debate of like what gross margin is, but on face value it doesn't matter very much if your company isn't making any money. 'If anyone thinks anything I'm saying today is smart a that's cool but be it's all from just doing the work over six years'

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