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Old 09-04-2010, 08:26 AM
jetnow1 jetnow1 is offline
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One More Time has hit a lot of the basics- but don't forget to add profit.
Too many guys figure that the hourly rate covers that but if you could
make as much or more working for someone else than why take the risks
working for yourself. Remember that risk equals reward so figure that you
need to add a markup for profit at the end of the numbers to compensate
for it. There is a reason that shops charge so much- the costs of doing
business are much more that most people realize- and they are going up
all the time as the states look at business as a cash cow and raise the
fees and business taxes all the time, Get a good acountant to go over
all the needed license's, permits, and insurance costs- then figure that
the will increase by 50% over the next two years. Just one of my
government fees doubled last year and there are changes to the law
dealing with lead paint that will probably cost me somewhere between
1200- 1500 in imediate costs plus about $5000 a year in additional
costs. Jim
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