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  #31 (permalink)  
Old 06-13-2012, 12:51 PM
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"effective hourly rate" was referred to earlier. This is how much eah hour of time actually makes yo. For example, our shop rate for repair is $100/hr. If I do a 2 hour job in 1 hour, the effective rate is $200/hr. If it takes 4 hours, the effective rate is $50/hr. You can go into negative EHR.


BTW, your overhead is ALWAYS double what you "think" it will be. Sit down add everything up, and add 25%. Then add 30% profit, divid by 2000 hrs in 1 year, and this will gvive a starting point for figuring labour rate. You need to add equipment purchase, and depreciation into this, as well. Parts markup, look into price matrixing, and Gross Profit Margin markup.


OOPS!! I just noticed how dusty this thread was, lol!

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Last edited by sbchevfreak; 06-13-2012 at 01:06 PM.
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  #32 (permalink)  
Old 06-13-2012, 03:36 PM
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Wonder how the original poster made out with his business?
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