Just because you finish the year with money in the bank doesn't mean you turned a profit. Today top-notch contractor accountant James Seckman walks us through what our profit margins should be, and where some of our profitability ratios should be. The bottom line: if you want to succeed you have to intentionally manage your ratios--don't just shut your eyes and buckle down to your trade.
Understanding Profit Margins and Profitability Ratios
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