Sparky_1
I was charging T&M at the going rate and it was killing me.
I would strongly suggest going to a flat rate system if at all possible. This will allow you to charge more than the going hourly rate. Calculate your expenses and find out what you need to set your hourly rate at. Don't set it at the going rate.
Learn how to become better at sales and marketing to sell your jobs at this higher rate. Don't think you can do it? There is another discussion on this site about a contractor whose prices are well above the norm but he has plenty of work and is making alot of money so it can be done.
See the "Flat Rate Pricing vs. T&M" topic.
My flat rate software comes with a markup table. According to my markup table an item that costs $1,000.00 would be marked up with a multiplier of 1.5 This would be a markup of $500.00 for a total of $1,500.00
An item that costs $1.00 would have a multiplier of 5.5 and would come to $5.50
[This message has been edited by A-Line (edited 12-10-2004).]
[This message has been edited by A-Line (edited 12-10-2004).]
[This message has been edited by A-Line (edited 12-10-2004).]
