"for example...if you are a 2 man shop and sell approx $100,000 in material (your cost) and you only markup 20%, you'll lose your shirt."
Exactly, that was my downfall comming from large dollar projects, and trying to apply the same methods.
Eric,
I tagged along with a plumber today, it was a very intresting day, first stop, a shower stem replacement, and tiolet base resecured, $750, customer thanked him and praised his work, then on to a kitchen sink faucet replacement $425, then clean out celllar sump pump pit $280, big oh thank you and offered a tip.
[This message has been edited by LK (edited 02-28-2007).]
