ECN Electrical Forum - Discussion Forums for Electricians, Inspectors and Related Professionals

Topic Options
Rate This Topic
#155354 - 12/27/04 02:46 PM Mark-up Redux
Tom Offline
Member
Registered: 01/01/01
Posts: 1044
Loc: Shinnston, WV USA
Since tax time is coming near, most of us are getting all our books in order so we can visit our accountant. Since the information is handy, now is the time to review your overhead figures (or have your accountant do it) so that you can determine how much markup you really need just to cover your overhead.

Just for grins, before you crunch the numbers, write down your guess as to what the highest overhead item is for your business.

I'm betting on "free estimates" for my business, probably followed by insurance.

Happy New Year to all

Tom
_________________________
Few things are harder to put up with than the annoyance of a good example.
Top
Business, Office, Estimating, Legal:
#155355 - 12/27/04 06:33 PM Re: Mark-up Redux
Electric Eagle Offline
Member
Registered: 04/20/02
Posts: 914
Loc: Alpharetta, GA
For my company I am the largest overhead expense, followed by my office manager, followed closely by advertising.
Top
#155356 - 12/28/04 04:43 AM Re: Mark-up Redux
cavo148 Offline
Member
Registered: 01/19/04
Posts: 79
Loc: New Jersey
Tom, I'd probably second that guess but I'm afraid to assign a number to those lost hours 'n more hours.
Andy
Top
#155357 - 12/28/04 11:37 AM Re: Mark-up Redux
Dave55 Offline
Member
Registered: 05/08/04
Posts: 697
Loc: Crystal Lake, Illinois, USA
#1 is time spent at ECN.
#2 is voluntary and unvoluntary time spent talking with salespeople.
#3 is time spent reading books about ways to improve my business.
#4 is estimating.
#5 is salary and benefits!

Just guessing, really.

Dave
Top
#155358 - 12/28/04 12:37 PM Re: Mark-up Redux
Bjarney Offline
Moderator
Registered: 04/10/02
Posts: 2527
Loc: West-Southern Inner-Northeast ...
 
I’m flummoxed. I always thought markup used red pencil for the old, and green for the new. …talking about as-builts, right? ;-]
Top

Member Spotlight
Member Since: 02/23/13
Posts: 204
New in the Gallery:
SE cable question
Featured:

2017 NEC and Related
2017 NEC
Now Available!

Shout Box


Who's Online
0 registered (), 59 Guests and 9 Spiders online.
Key: Admin, Global Mod, Mod
 
New in the Gallery:
SE cable question
 
Top Posters (30 Days)
Admin 51
HotLine1 43
gfretwell 17
Trumpy 16
Ruben Rocha 13
 
Newest Members
clee512, Jdscott2005, FAIZAN, Regitest2, sureshazhagai

ECN Electrical Forums - sponsored by Electrical Contractor Network - Electrical and Code Related Discussion for Electrical Contractors, Electricians, Inspectors, Instructors, Engineers and other related Professionals