To be profitable in business, it’s important to know what your break-even point is. You could be losing money and not even know it. Did you know, a business could be turning over a lot of money, but still be making a loss? Knowing the break-even point in your trade business is helpful in setting targets for your team of tradies.
Developed by Andy and Angela Smith, owners of Dr. DRiP Plumbing and co-founders of Lifestyle Tradie, this Break-Even Analysis Guide For Tradies provides you with the formula to understand the break-even point in your trade business — that magic number that’ll tell you whether you’re making a profit or going backwards.
What’s your break-even point?