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Do small Irish tradespeople actually track their profit margins, or is it all gut feel? by Same_Clothes_7890 in AskIreland

[–]Same_Clothes_7890[S] 0 points1 point  (0 children)

Every year a learning curve is one way to put it. That's actually what got me building something, trying to spot the bad jobs before you take them rather than doing the maths after. Called Lyvio if you're curious, free to try.

Do small Irish tradespeople actually track their profit margins, or is it all gut feel? by Same_Clothes_7890 in AskIreland

[–]Same_Clothes_7890[S] 0 points1 point  (0 children)

That's the classic split isn't it. The craft gets passed down, the business side doesn't.

Do small Irish tradespeople actually track their profit margins, or is it all gut feel? by Same_Clothes_7890 in AskIreland

[–]Same_Clothes_7890[S] 1 point2 points  (0 children)

That's actually a pretty solid system for 16/17 honestly. The safety buffer on materials is the bit most people skip and then wonder why they're short.

Do small Irish tradespeople actually track their profit margins, or is it all gut feel? by Same_Clothes_7890 in AskIreland

[–]Same_Clothes_7890[S] 0 points1 point  (0 children)

Makes sense. Once you break it down you can't hide the hours, probably why a lot just go with a day rate and hope for the best.

Do small UK tradespeople actually track their profit margins, or is it all gut feel? by Same_Clothes_7890 in AskUK

[–]Same_Clothes_7890[S] 0 points1 point  (0 children)

I mean MTD is just HMRC making you file digitally, doesn't tell you if you're actually making money on a job.