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#158729 08/12/06 10:42 AM
Joined: May 2005
Posts: 706
T
Tiger Offline OP
Member
Jan 1 to this week I earned my overhead for the year. Considering last year was a loss I take this as a really good sign. My accountant said I should be covering my overhead by June . I'm doing the best I can.

Dave

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#158730 08/12/06 12:57 PM
Joined: Jan 2005
Posts: 5,445
Likes: 2
Cat Servant
Member
The accountant is part of the "overhead." Have you asked him if you will meet your goals sooner- if he reduces his rates? [Linked Image]

#158731 10/02/06 01:18 AM
Joined: Aug 2005
Posts: 47
T
Member
What sort of overhead do you have? How many employees , buildings etc

#158732 10/02/06 08:11 AM
Joined: May 2005
Posts: 706
T
Tiger Offline OP
Member
I'm sole employee. Home office, truck is paid for. Overhead is salary, benefits, retirement, fuel, maintenance, postage, insurance, bonds, advertising, accountant, lawyer...you know the list. It's probably the same list as 95% of the ECs in the phone book, with the exception of retirement benefits and advertising.

Dave

#158733 10/02/06 01:12 PM
Joined: Sep 2005
Posts: 33
N
Member
So you will have about four months of profit. If thats what your saying then yeah I think thats good in my opinion.

#158734 10/02/06 08:03 PM
Joined: Jun 2005
Posts: 821
S
Member
Congratulations Dave!


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