Video Notes

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 In order for you to consider yourself a professional contractor, you must first be able to distinguish between profit margin and retail mark-up. As someone smart in the business world once said, you must know your numbers! There is a difference between your wages earned, and your profit; there is a difference in direct and indirect costs. You must know these terms like the back of your hand, and if you don't, the lifespan of your "business" is minimal at best.  

We jump into the weeds in this episode to discuss just this, and how these financial indicators affect the overall health of your business.   M

ake sure that if you have any trouble understanding any of what we discuss, that you make sure to comment at the bottom of the page. It would be our honor to help you overcome any of these financial challenges, and make you a profitable entrepreneur.   

#profit #profitmargin #markup #wage #labor #cogs #budget #jobcosting #materialcosting #tax   

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How To Price Jobs As A Contractor