So... What's the difference between Profit Margin & Mark Up?

 

It can get a little bit confusing as a builder when all you want to do is get your business running without headaches until some maths & numbers pop up.

 

The worst part?

 

Not understanding these numbers can mean unfortunate consequences for the health of your business.

 

So you're almost stuck between a rock and a hard place...

 

BUT...

 

That's why we're here at TPB, to make sure we can talk about this without causing your head to go in circles.

 

This topic is super important for a variety of reasons...

 

But the one that sticks out the MOST is the fact that...

 

Your business either survives or goes under if these numbers are not understood.

 

Profit margin is obvious, as it dictates how much you're making after all costs have been deducted.

 

But it gets a little bit more confusing when you throw mark up into the mix, as this number can also dictate your next paycheque, and whether you'll have to come in on the weekend and work more...

 

We can make sure that isn't the case!

 

We go into the difference between the two concepts, and how this information can help you make more profit-based decisions, and get you off the tools sooner, rather than later.

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