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What's the Difference & What's More Important?
Margin Vs Markup
How do you know if you are making money on each of your projects? Many people think that if there’s money in the bank that they are making money. That’s a problem because money in the bank ebbs and flows depending on what is being paid for and when it’s getting paid. Wouldn’t it be nice to know the margins you are making on every project? First, the difference between margin and markup must be understood. The amount of money you end up with in the bank will be a lot less than you expect if you don’t know the difference between margins and markup.
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