which is exactly correct(except you would want to charge more than 1734, because you need to make some money). Your daily nut is meaningless each day. It is based on a projection, everything in that projection, individually is a projection. Figure out what your costs are and where your profit margin is and sell the hell out of your product and the rest will take care of itself.By your logic, I don't need to make 866 on each and every job, assuming most jobs are one day, all I have to do is give one customer a job for cost and then charge the next customer $1734 to break even.
That's how suckers do business. Keeping a big cash reserve is the secret and reacting proactively to your market and taking advantage of it whenever you can is a guarantee for wads of cash in your pocket.Saving for upcoming expenses is a huge part of budgeting.
Tha's why you will probably never see me build two houses next to each other. I told you before I don't have any desire to work as a sub to a GC, not because I dislike the terms of a contract, but because I like being as close to the customer as I can, which results in being able to control my profits. :Thumbs:No two of your customers will pay the same for similiar work? That's interesting. If I have two houses next to each other built at the same time, by the same builder and they are identicle these customers are getting the same price, assuming the customers have the work done before I have any price increases from my suppliers or give my crews a raise.
You just proved that your projected Magic Number is meaningless. Continually changing it means it doesn't mean anything. Your example, you reduce it down now, so what about all those jobs you passed up eariler because they didn't meet your magic number of the time? Suddenly they are now profitable based on your magic number of November 9th, 2004, but they weren't 2 month ago?Grumpy said:... and I will adjust my magic number accordingly to reflect a new minimum