SPN 46: Contractor Business Math 101

Money. Money in the hand (Hand with money, Hand holdingIn this episode Tom breaks down the business math of a contractor.

Revenue – Cost of Goods Sold = Gross Profit

Gross Profit – Overheard = Net Profit

Challenge: Next project cut your sale price in 1/2 and produce the job for that amount to give you a 50% Gross Profit



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