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Greg Savage: Markup vs Margin combined 16:9

April 04, 2024

Video Transcript


Greg Savage: But, it's a million dollars! That's sales, mate. Don't get seduced by it. What's the margin? And how much is it gonna cost you to deliver on that? You take that gig on, it's gonna send you bust.

Greg Savage: You need to understand how markups and margins work. In fact, you need to know the difference between a markup and a margin is. And I speak to people who have had 20 years experience in temp who don't know what the difference between markup and margin is. And that's like driving a bus blindfolded. You need to understand and get your pricing right. So that you can make sure that as you grow your business, you do it profitably.



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