Indicators you are not charging enough
#5132160
07/22/15 10:30 AM
07/22/15 10:30 AM
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Joined: Dec 2008
Posts: 28,715 Eastern Shore of Maryland
HobbieTrapper
OP
"Chippendale Trapper"
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OP
"Chippendale Trapper"
Joined: Dec 2008
Posts: 28,715
Eastern Shore of Maryland
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I don't think I am getting proper compensation for what I'm doing. What are some key indicators I can use to confirm this?
-Goofy-
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Re: Indicators you are not charging enough
[Re: HobbieTrapper]
#5132359
07/22/15 01:59 PM
07/22/15 01:59 PM
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Joined: Jun 2013
Posts: 95 Florida
bjansma
trapper
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trapper
Joined: Jun 2013
Posts: 95
Florida
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If you are not in the ballpark of your competitors' pricing you should start there. If you are you might not be able to raise prices. It might boil down to productivity.
Figure out how to do a job a day quicker or get rid of the gas guzzler. Raising prices isn't the only answer.
In my opinion charging a premium requires you to do something different(better) than your competition.
Bob Jansma
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Re: Indicators you are not charging enough
[Re: HobbieTrapper]
#5132725
07/22/15 07:34 PM
07/22/15 07:34 PM
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Joined: Dec 2008
Posts: 28,715 Eastern Shore of Maryland
HobbieTrapper
OP
"Chippendale Trapper"
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OP
"Chippendale Trapper"
Joined: Dec 2008
Posts: 28,715
Eastern Shore of Maryland
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I appreciate the input. I have the luxury of not having to depend on these jobs as a means to survive but I don't want to be under cutting the guys that do. I'm getting 80% of the jobs after the quote so I could probably dial it up a bit.
-Goofy-
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Re: Indicators you are not charging enough
[Re: Gabby 57]
#5132808
07/22/15 08:49 PM
07/22/15 08:49 PM
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Joined: Feb 2012
Posts: 76 Maine
huntinjunkie
trapper
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trapper
Joined: Feb 2012
Posts: 76
Maine
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My recommendation is to go see a CPA and have them help you figure out what your true costs to operate your business are, especially your vehicle costs since they are your largest everyday expense. A good CPA will know the important questions to ask. The SBA is another good option to use to figure this out. Solid advice there. My CPA has helped me a lot.
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Re: Indicators you are not charging enough
[Re: Paul Winkelmann]
#5134206
07/23/15 10:08 PM
07/23/15 10:08 PM
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Joined: Mar 2014
Posts: 3,655 Central Texas
Chancey
trapper
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trapper
Joined: Mar 2014
Posts: 3,655
Central Texas
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Okay guys, how does your CPA use a portion of your house as a business deduction? There is almost as much square footage in my home
that is used for business as there is for personal. I can't find any deduction for business use of a personal vehicle either. I'm not
real sharp at reading my end of the year statement but I swear that my CPA has got a second job with the IRS. Thanks for the good information guys. Paul, my tax lady allows me to write off whatever percentage the office is compared to the house on all the utility bills. For example, if the house was 1000 square feet and my office was 100 square feet, then I could write off 10% of the electric bill. Like stated earlier by Throwback though it has to be used 100% for the office. I need to talk to the tax lady again though because I am trying to figure out how to charge for equipment. How do you gentlemen charge appropriately for all the specialty materials it takes to run a job? Thanks, chancey
Resident Conspiracy Theorist Accused Moron, Nazi, Low IQ, and Putin Fan Boy
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