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This shows me that the key is to educate newer contractors as to the cost of doing business and the difference between being an "employee" of yourself and a business owner. Does anyone have anything to add to this subject?


Everyone's cost will vary depending on their companies situation.

Here is a handy calculator to see just how much you should be charging:

Business Owners' Cost Calculator http://www.masterplumbers.com/utilities/costcalc/

Plumbers, painters, carpenters...it doesn't matter. Just fill in the blanks and hit "Calculate".


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