Wednesday, November 2, 2011
Answer these questions and find your real profit margin:
- What's your fixed cost of doing business?
- What's your annual overhead budget?
- How do you determine your markup rate?
- What's your actual labor burden rate for each of your employees?
- What's your annual cost for every piece of equipment you own?
- Which project type do you make the most money on?
- Which superintendent or foreman makes you the most money?
- Which customer do you make the most money on?
- How do you determine your change order markup rate?
- How much money did your money make last year?
