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Podcast: Tradies In Business
Episode: TBS092 Markup Margin And What They've Got To Do With Your Bank Account
Description: Margin. GP. Markup. Gross Profit. Net Profit. Revenue. Sales. What the heck do all these things mean and are they even different? Unfortunately it's a question not every business owner can answer. In fact, no many business owners can tell the difference between all these, how they relate to each other and how they all lead to one very important outcome: CASH! We put together a quick episode to (hopefully) give you some more clarity about margin and markup in particular as they have a huge impact on how much money you make on materials and labour. Knowing the difference...