Markups and Margins - Michael McClanahan
Floor Academy - Helping flooring, tile and stone contractors own an asset
English - February 22, 2023 07:00 - 1 hour - 60.3 MB - ★★★★★ - 16 ratingsManagement Business Education How To business growth small business entrepreneurship business strategy marketing sales contractor leadership manager flooring Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Markup and margin, they're the same thing, right? Both of them get you to a higher price that is passed on to the client but what do each of them really mean, what should we be operating on, what's a healthy percentage to be at, and how do we even figure out where we need to be?
Michael K Mcclanahan is no stranger to running a profitable business and none of that would have been possible without an understanding of markups and margins. Currently, he finds himself as the vice president of Flooring Install America and Virtual Estimates Now. Whether to help sell installs or provide the labor for them, when you don't know your numbers and how to be profitable, the company can not to continue to support its employees or clients. Listen in as Michael breaks down how we can insure our businesses get the cash influx they need from everything we do.
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