Topic: What Is Net Profit and How Do I Make It?
Speaker: Roseann Freitas, VP of Archipelago Hawaii, Luxury Home Design (0.1 CEU)
Location: Monark Premium Appliance Co. • Map
52 N. Winchester Blvd., Santa Clara, CA 95050
Roseann discussed understanding how to make your passion into PROFIT.
Every business needs to make a profit to be successful and the construction industry is no different. In this presentation, we identified revenue sources to include design fee and product mark-up percentages. We learned how to categorize expenses and how to track them for proper accounting and tax records. We learned the formulas for mark-up and margin and how to identify the difference between the two. An emphasis was placed on how mistakes affect the bottom line and how to avoid them. We left with an understanding of the “business” side of the design team.
Roseann Freitas, VP & Business Manager of Archipelago Hawaii, Luxury Home Design, has been working in the operations/business side of the design industry since 2005. Roseann has a Bachelor of Science degree in Business Asministration with a concentration in accounting from Mount Olive College in North Carolina. Roseann handles proposals, invoices, purchase orders and payments for the clients as well as the monthly taxes, statement reconciliations and HR duties. In addition to the financial side, Roseann has a strong marketing background. She coordinates the client/media packets, press releases, advertising, client events and media requests.