Have you ever wondered how businesses nail that balance between fair pricing and a healthy profit margin? For trade and service businesses, getting this right can be a game-changer. But it’s no mystery; it’s about using the right strategies—and tools. Here, we’ll dive into one essential tool: the markup calculator. By understanding markup and its […]
How to Calculate Markup for Business Success Read More »
Starting a trade business is an exciting journey filled with opportunities and challenges. But let’s face it: profit doesn’t happen overnight. Before you pop the champagne for your first profitable month, there’s a crucial milestone you need to achieve—the break-even point. In this comprehensive guide, we’ll not only explain what the break-even point is but
Break-Even Point in a Trade Business Read More »
Paying yourself the right way is one of the most important decisions you’ll make as a construction business owner in the UK. But whether you’re a sole trader or running a limited company, the answer isn’t as simple as “just take some money out.” This guide breaks down everything you need to know about drawing
How Much Should You Pay Yourself? (Owner Drawings vs Payroll) Read More »
If you’re starting a construction business in the UK, it’s easy to get overwhelmed with acronyms like CIS, VAT, and PAYE. This guide breaks down when and why you need to register for each—so you stay compliant, get paid properly, and avoid costly mistakes. This post is part of our UK construction startup series. For
When to Register for CIS, VAT & PAYE Read More »
Not sure whether to give a quote or an estimate? Whether you’re pricing up a loft conversion or planning a bathroom renovation, understanding the difference could save time, money and unnecessary stress. Contents Introduction Who This Is For: Tradespeople Who This Is For: Clients What Is an Estimate vs a Quote? Key Differences When to
Estimating vs Quoting: What’s the Difference? Read More »
If you’re a contractor or tradesperson, staying informed about current pricing trends isn’t just useful—it’s essential. With market conditions shifting across the UK, knowing the going rates for your trade helps you price competitively, justify increases, and understand where you stand regionally. This updated 2025 guide includes day and hourly rates for major UK trades,
Building Contractor Costs: Average UK Labour Rates Read More »
Have you ever found yourself reeling from the shock of an exorbitantly high invoice, all because of ordering more building materials than necessary? It’s a common pain point, but fortunately, one that’s easily avoidable with the right know-how. Discover the insiders’ secrets to professional measurement and start saving money today! Table of Contents 1. Optimal
Estimating Building Materials for Home Construction Read More »
Have you ever felt like managing your accounts is a second full-time job when trying to scale your contracting business? You’re not alone. While DIY accounting may seem budget-friendly initially, hidden costs—from small errors to missed tax benefits—can add up quickly. Upgrading to integrated accounting software is a game-changer that streamlines your financial management so
Best Accounting Software for Contractors Read More »
As we progress through 2025, building a home in England has become more complex and cost-intensive than ever. While inflation has moderated compared to previous years, persistent labour shortages, rising material costs, and regional disparities mean that a detailed and up‐to‐date cost breakdown is essential for any self build or custom home project. Contents 1.
Cost to Build a House: 2025 Guide Read More »
Welcome to the intricate world of construction accounting! If you’re involved in the construction industry, you know how crucial and complex financial management can be. Unlike other sectors, the construction business faces unique challenges that can make or break a company’s financial health. In this comprehensive guide, we will explore the nuances of construction accounting
Exploring Construction Accounting: A Comprehensive Guide Read More »
Your template will be emailed to you
