I show you how to read a profit & loss statement and what essential pieces of information you should be concerned about in this report.

In the first two videos of our tradie series, we covered the fundamentals of Markup vs Margin and calculating the true cost of labour for your trade business. Now, it’s time to apply those insights and build accurate quotes for different types of jobs.

Do you know the actual cost of labour per hour for your employees? It might be more than you think. If you pay an employee for fifty-two weeks of the year, they only work roughly forty-one to forty-two weeks of the year when you factor in time off.