Margin and Markup – What’s the Difference and Why You Should Always Focus On Margin
26 Nov

Margin and Markup – What’s the Difference and Why You Should Always Focus On Margin

Have you ever had a job that looked profitable on paper, but the numbers told a different story once the bills came in? It is a common frustration for tradies who quote a job with confidence, do the work and then wonder where the profit went. That confusion often comes down to mixing up margin […]

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Total Revenue, Gross Profit and Net Profit – What You Should Focus On and Why
14 Nov

Total Revenue, Gross Profit and Net Profit – What You Should Focus On and Why

As a tradie, you just want to focus on your job. After all, you did not get into plumbing or electrical work so you could pore over spreadsheets all day. Honestly, sometimes it feels like you are never quite sure where the money is going. The jobs come in and the invoices go out, but […]

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What is the full cost of an employee?
01 Oct

What is the full cost of an employee?

$65 000 per year, you need to understand that this figure is just the base salary. The true cost to you as the employer is quite a bit more, as you need to account for a range of additional expenses. Some of these might seem obvious, but they can be all too easy to forget. […]

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