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#156392 - 04/27/05 11:35 PM Pricing too low?  
Dave55  Offline
Member
Joined: May 2004
Posts: 697
Crystal Lake, Illinois, USA
I couldn't resist. Do you think you're pricing too low? Can you think of some great things you could do if you earned a decent profit on your investment? Maybe you could actually retire with a retirement fund, buy better tools, get a reliable truck, advertise to bring in more business to earn more profits.

Dave


Business, Office, Estimating, Legal:

#156393 - 04/28/05 07:18 AM Re: Pricing too low?  
Redsy  Offline
Member
Joined: Mar 2001
Posts: 2,056
Bucks County PA
I undestand that this is a BUSINESS forum for Electrical CONTRACTORS and profits are very important.
But, having quit a large corporation after 24 years and being disgusted by LUST for continually increased profits, I am opposed to maximizing profit as an obsession.
I, like many small contractors are content (at least for now)to be able to make a decent, honest living, work every day, and earn enough money to save for vacation and retirement.
I see nothing wrong with wanting to establish a business that grows, and can be sold someday, but not everyone on this site has the same aspirations.

As Dnkldrf said-

We all do our own thing.

[This message has been edited by Redsy (edited 04-28-2005).]


#156394 - 04/28/05 08:11 AM Re: Pricing too low?  
Dnkldorf  Offline
Member
Joined: Dec 2004
Posts: 1,064
nowhere usa
Redsy,

Well said...


#156395 - 04/28/05 09:39 PM Re: Pricing too low?  
Dave55  Offline
Member
Joined: May 2004
Posts: 697
Crystal Lake, Illinois, USA
How would you feel about working for yourself for 24 years and having little to show for it? If I want to stay in this line of work I have to get out of installations. My body is becoming "worn and torn". I can either give it up, or hire a tech to replace me. The only way that will happen is if I become the manager and build the business. I may be able to last 15 or 20 more years as a manager, but only 5 or 10 as an installer.

It's not lust for profit, it's expecting a return on my investment. Who in their right mind would invest thousands of dollars without expecting a return?

Dave


#156396 - 04/29/05 11:14 PM Re: Pricing too low?  
slumlordworker  Offline
Member
Joined: Dec 2003
Posts: 84
south bend indiana
in reply dude when you are working for your self and are in it for the long haul being cheap is ****ed up and will lead to crap down the road



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