Great, keep your day job
That's a great idea and I would recommend it
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Originally Posted by meo814
..how do you figure out your "time" cost
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That's a toughie
You may have to estimate at first, and then fine tune it later
Whatever you do, don't just charge what you'd like to make as a "tech" (worker)
What I mean is, if as a worker you are making $15 an hour, that's fine
But remember everything The Boss/The Company pays for that Paycheck Collectors don't give a second thought about
(one reason it's hard to explain to Mr. Homeowner why you'll go broke charging him what he thinks is a "fair hourly wage", eg: $15 an hour)
Paycheck Collectors don't give a second thought about the building, the water sewage for the bathroom, the electricity, the phone, the phone line, the desk, the pad, the pencil to write up the order
The coffee breaks, the sick days, the vacation days
the time they still get paid for when they are just sitting there waiting for the phone to ring
The advertising that makes the phone ring
The accounting and bookkeeping involved, the paper that their paycheck is written on
The insurance, the liability...
Even if you are storing paint in your garage, that counts
Even if you are using your "personal" truck, or your personal phone line, that counts
(and you really should get separate stuff for that right away)
You have to pay the receptionist (you), the sales staff (you), the estimator (you), the marketing dept. (you)
Oh, and don't forget profit
Whew...it's a lot of stuff
You'll probably have to estimate it at first, and adjust it as real figures start coming in
But do estimate it
For a ball park, it would be unlikely that your target hourly rate would be less than double what you'd like to earn hourly as a tech
Maybe a little less is possible, but more likely it would be more
I say target, because I use the figure to estimate to provide a bid for the job
If the job goes quicker or slower than I though that affects the actual rate I collect "per hour"
I don't actually charge people by the hour, it's a "here's the price" bid
To do otherwise often ends up with unhappy people on both sides
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