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#155354 - 12/27/04 02:46 PM Mark-up Redux
Tom Offline
Member

Registered: 01/01/01
Posts: 1069
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.

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Business, Office, Estimating, Legal:
#155355 - 12/27/04 06:33 PM Re: Mark-up Redux
Electric Eagle Offline
Member

Registered: 04/20/02
Posts: 928
Loc: Alpharetta, GA
For my company I am the largest overhead expense, followed by my office manager, followed closely by advertising.

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#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

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#155357 - 12/28/04 11:37 AM Re: Mark-up Redux
Dave55 Offline
Member

Registered: 05/08/04
Posts: 666
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

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#155358 - 12/28/04 12:37 PM Re: Mark-up Redux
Bjarney Offline
Moderator

Registered: 04/10/02
Posts: 2561
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? ;-]

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