Episode 5 - The "Magic Number" for Interior Designers
Based on his examination and analysis of 100s of successful interior design practices (small and large) David Shepherd has identified a single "magic number" that can predict success...or trouble! This number will never be presented by your CPA or bookkeeper, nor can it be found in financial statements or reports. To calculate it, you'll need a P&L Statement...and a pencil and a Post-it-Note. Once this simple step is complete, you'll also be able to calculate your breakeven point which will enable you to not only "right-size" your firm, but plan for any level of profit your heart desires!