Taking the peas

[Cirrus]

It's a terrible rate even for labour only. I average

 

[NozSpark]

+1 Cirrus

 

[Sidewinder]

It's NEVER labour only.

It is always Labour, insurances, calibration, tax, NI, and other overheads!

If it's labour only then you are on the books!

 

[galaxy]

It's NEVER labour only.It is always Labour, insurances, calibration, tax, NI, and other overheads!

If it's labour only then you are on the books!

i understand the overheads cost sw,but everyone has to pay tax and ni,was just saying at

 

[Sidewinder]

To be honest I would rather spend the day doing sales work to generate new business than work for

 

[galaxy]

To be honest I would rather spend the day doing sales work to generate new business than work for

 

[Sidewinder]

Yes it would cover at least part of them, but I would rather spend the day getting in work for another day which nets me say

 

[galaxy]

Yes it would cover at least part of them, but I would rather spend the day getting in work for another day which nets me say

 

[Sidewinder]

Very little of my work is on competitive quote/tender basis to be honest!

 

[NozSpark]

TBH like others have said,, I would do a day for

 

[galaxy]

Very little of my work is on competitive quote/tender basis to be honest!

so if anyone is slack then its a decent day rate then,id say it was tbh

 

[NozSpark]

The problem with taking a lower day rate is that your new customers will expect that rate all the time and your existing customers will think WTF

 

[galaxy]

The problem with taking a lower day rate is that your new customers will expect that rate all the time and your existing customers will think WTF

sorry but im being misunderstood here,the guy said said he was offered

 

[lkayelectrical]

My overheads are about

 

[Sidewinder]

You really should be looking at covering all your business overheads in 3 out of the 5 working days per week.

The other 2 days are your profit, if you have a sound business model.

 

[ProDave]

Interesting debate about what is a good wage or not.

It mostly depends on where you are, and what your cost of living is.

Personally I have very few fixed business costs, most of them are variable (travel for instance, if I don't work, I don't do any mileage, so no costs)

Generally I find most years my profit is about half my turnover. But that turnover includes materials bought, and then charged to jobs. On a labour only job, the ratio of profit to turnover is higher, dominated mostly by travelling costs.

So