Knowing your break-even point helps you make a profit in the long-term & decide if you need to cut expenses or increase your prices.
"Try to keep it minimal...keep the effectivity of your money going as long as you can." Sometimes it makes sense to sell and "harvest gains." You can take advantage of this by selling when you know the amount of gain is small enough to not be taxable, rather...
Cost of goods sold (COGS) makes up a substantial portion of a construction company’s expenses. Most purchases are related to projects, either for labor or materials. Tracking these costs and keeping them separate from regular business expenses is key when it comes to measuring job profitability...