How Using Project Markup Can Boost Your Profitability
by Hélène Pielmeier
February 08, 2013
February 08, 2013

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Keeping an eye on the bottom line is essential for a financially healthy company. Most language service providers (LSPs) look at profitability at the business level by reviewing gross profit margin data (see “Profitability in the Language Services Market,” Feb13). While gross profit margins serve as a useful “after-the-fact” profitability benchmark, LSPs also need a real-time measure that allows them to monitor profitability while projects are still in progress. This brief explains how you can take profitability to the project level by reviewing project markup calculations and how to use them to boost your profits.

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