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#158729 - 08/12/06 07:42 AM Overhead Paid
Tiger Offline
Member

Registered: 05/04/05
Posts: 714
Loc: Crystal Lake, IL USA
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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Business, Office, Estimating, Legal:
#158730 - 08/12/06 09:57 AM Re: Overhead Paid
renosteinke Offline
Cat Servant
Member

Registered: 01/22/05
Posts: 5305
Loc: Blue Collar Country
The accountant is part of the "overhead." Have you asked him if you will meet your goals sooner- if he reduces his rates?

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#158731 - 10/01/06 10:18 PM Re: Overhead Paid
trevman Offline
Member

Registered: 08/17/05
Posts: 47
Loc: canada
What sort of overhead do you have? How many employees , buildings etc

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#158732 - 10/02/06 05:11 AM Re: Overhead Paid
Tiger Offline
Member

Registered: 05/04/05
Posts: 714
Loc: Crystal Lake, IL USA
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

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#158733 - 10/02/06 10:12 AM Re: Overhead Paid
ngoody24 Offline
Member

Registered: 09/25/05
Posts: 34
Loc: pace,FL, United States
So you will have about four months of profit. If thats what your saying then yeah I think thats good in my opinion.

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#158734 - 10/02/06 05:03 PM Re: Overhead Paid
ShockMe77 Offline
Member

Registered: 06/11/05
Posts: 823
Loc: Rahway, New Jersey
Congratulations Dave!

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