During this period of volatility, it is critical that owners know the profit-making elements of their business. While this might sound simple, it is often much more complex than it sounds. As volumes of work fluctuate, maintaining profit margins can be difficult due to the mix and type of work being performed. Assessing customer contribution provides important information and is an essential decision-making tool in normal times and even more so now.
With the news from the Federal Reserve stating that first quarter gross domestic product (GDP) decreased over …