Increasing service industry profits can be a daunting task. Most contractors struggle year after year to keep up with ever changing costs. Adding profit markup may seem like an easy task, but the harder part is prioritizing your overhead. If you are unable to establish your breakeven in real time, your profit markup will most likely be inaccurate and possibly reduced. Now that’s what I call working harder for less. What’s that you say? I don’t really have an overhead. I operate out of my truck. Neglecting your true overhead, even in the embryo state of your business, will ensure your future growth will be stunted. The BreakEven PRO Cost Setup feature allows you to forecast and input current budgets for your company. One of the largest mistakes most single operators make is not recovering their administration or management time. Most contractors provide free estimates, but remember that nothing in business is truly free. All of your time needs to be accounted for including compensation for your customer service. Administrative or managerial time spent off the clock will now be accounted for and rolled into your breakeven rate prior to adding your profit markup. This way you can still provide free estimates to your customers. BreakEven PRO provides you with easy to use tools. Our tools will ensure you keep your costs updated. Adding profit markup then becomes a simple and accurate task providing you with peace of mind while bidding your jobs.
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