Amazing podcast. So many great points. Really agree on knowing your numbers, so that everyone is treated fairly. Including yourself, your employees and your family. Working all the time with nothing to show for it is not noble. Us contractors are fooling ourselves. And we will say, nobody will pay premium prices and then go to the supply house and buy $50 pliers and $700 probes without even thinking about it. Why don't we buy the store brand pliers for $10? Why are our trucks not full of Harbor Freight tools? I'm gonna start implementing this. I have found I treat myself worse as an employee than anywhere I have ever worked. I would never work for anybody else for free or cheap. Coming home at 10:00 every night. Yet, I do these things to "take care" of my customers.
I have a small electronics repair business, pricing is always a question. I am retired from working a regular job so I really don't need the income to be OK but I don't want to give my time away without proper compensation. Funny story I was in an electrician group on face book and guy was bragging how he charged $98 an hour, I called him on it and he got pissed.
How do you guys get customers to pay a fee for looking at the job? Almost like a consultation fee when they don't use your company to do the job that you quoted.
Preciate the insights. One recommendation would be to change your camera angle to include both of you instead of bouncing back and forth between the two of you.
When finding the true hourly rate for your business obviously we’re including direct costs to help determine that number, are we including personal bills into determining that number as well?
