Clover Business Tips — text status

Sometimes a service business doesn’t need more sales. It needs to make more money from the sales it already has. One number to watch is your Labor Efficiency Ratio (LER). Take your gross profit and divide it by what you pay your team to do the work. If you make $100,000 in gross profit and spend $40,000 on labor, your LER is 2.5. If your number is too low, look at your prices, payroll, and how efficiently the work gets done. Before chasing more sales, make sure your current sales are making you en