Trade & Business Guides
Being good on the tools is only half the job. You have to know how to quote, manage cash flow, and stay compliant.
Compliance
- State Licensing Rules A breakdown of when you need a license in NSW, QLD, VIC, and other states.
The Golden Rule of Margins
Margin is not markup. If your materials and labor cost $10,000, and you add 20% ($2,000), your price is $12,000. Your profit margin is $2,000 / $12,000 = 16.6%.
If you want a 20% margin, you divide your costs by 0.8. $10,000 / 0.8 = $12,500.
Many businesses go broke because they markup by 20% but have overheads of 22%.
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