The Difference Between Markup & Margin

The Difference Between Markup & Margin

Today, I’m going to touch on some accounting principals, markup and margin. These are two terms that you may have to think about when you’re calculating profit and pricing in your business. These are numbers that you should be familiar with and how they play into your business because they can help with your profitability.

Markup and margin are not the same, even if occasionally you may hear them used in the same way.

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How to Create Interior Design Packages

How to Create Interior Design Packages

Creating interior design packages can be great additional revenue streams in your business. They can be quick ways to generate a bit of income without a huge time or effort commitment from you.

It’s also nice to have an option for prospects who contact you, but may not be a fit for your signature service or meet your project minimums.

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How to Scale Your Interior Design Business

How to Scale Your Interior Design Business

So, you want to scale your business this year? Or maybe next. Or sometime in the future.

Some people start their interior design business without any idea of where they ultimately want to take their business, they may not even realize they are actually starting a business. They are just working IN their business, head down, trying to get something off the ground. And often, the business takes off because of all their hard work and they are just along for the ride, rather than steering the ship.

So first, you need to steer the ship.

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Is Interior Design turning into a Commodity?

Is Interior Design turning into a Commodity?

Sometime within the past few months I came across the headline: “Online Interior Design - How To Hire A High-End Designer For The Fraction Of The Price”. Ugh. Yes, let’s just keep making design cheaper and cheaper.

First, let me say, this is a complicated economic and societal issue that I am certainly not going to solve in a blog post, I’ll probably not even scratch the surface. However, I do want to get you thinking. Thinking about your contribution to the interior design industry.

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