Deciding what margin you should be charging can be the make or break of whether you win work AND whether you actually have a profitable business.
But the hidden cost that most trades business owners miss is getting their markup and their margin mixed up.
Today’s episode we’re going to take you through what the difference is between markup and margin, what you should be aiming for AND how you can troubleshoot to find out where the problems or missed opportunities are in your business.
We do get technical so make sure you pause, rewind or if you just want some help and for us to do it with you book in your FREE strategy call over at www.strategysession.com.au
Listen in to Learn:
What is Margin, and where you should be making margin in your business
The difference between gross and net margin and which you need to pay attention to
Why you’re leaving money on the table if you don’t understand the difference between markup and margin
Why you might be getting too many no’s OR winning work but not making any additional profit.
Catch Part 1 here on Apple or Spotify
And Part 2 here on Apple or Spotify
Want to join a community of like-minded tradesmen or have a topic you want us to cover? Join The Trade Den on Facebook
Find out more about Pravar Group at www.pravargroup.com or @rob_kropp.
Listen now:
If you know your pricing needs a review but you’re not sure where to start, book a FREE call with us over at www.strategysession.com.au so we can help you start to price for profit again.
Want to join a community of like-minded tradesmen or have a topic you want us to cover? Join The Trade Den on Facebook
Find out more about Pravar Group at www.pravargroup.com or @rob_kropp.
