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Joined: Apr 2002
Posts: 21
J
jo Offline OP
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Quote
. The reality is that 90% to 96% of all Contractors will go broke and out of business over a 10-year cycle.

oh really? I do my share of T&M & i've been open for 5 years now, should i start downloading Chap 11 forms now, or in 2008?

perhaps a forum poll is in order???

[Linked Image from cybersoapbox.com]

[This message has been edited by sparky (edited 07-21-2002).]

Joined: Feb 2002
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I suspect most small businesses don't fail.

Many business owners change their business organization (S-Corp, LLC, Sole Proprieter, partnership), their business name, or their business focus. Any or all of these are included in "business failures." (Adding a partner requires forming a whole new partnership if done right.)

Some people form "businesses" for special projects that have limited lifetimes.

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Cool Graemlin!

Joined: Oct 2001
Posts: 77
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"Michael Stone is the author of the best selling book Markup and Profit; A Contractor’s Guide, published by Craftsman Book Co."

This is a good book however, if you haven't read it already. It may not be a bad idea. MHO.............Tiff

Joined: Oct 2000
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Which he did T&M or what?

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These 'How-To' dudes write and lecture for a living.
I say 96% of them would'nt make it in our shoes....

Joined: Apr 2002
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Gentlemen:
Isn't this the correct T&M formula:
TIME
Materials
O&P
=Total Cost of work performed

I/we do T&M, and have had no problems since 1985....
Yes, I/we do contract/bid work, and run service and lighting maintenance.
Steady clients and a "trust" between them and us keeps a good thing going.
HotLine1
John

Trainwire: You mean "Gremlin"?? or did I miss something.

[This message has been edited by HotLine1 (edited 07-22-2002).]


John
Joined: Oct 2000
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Cool Graemlin!

one of these Steve?

[Linked Image from hydra.nat.uni-magdeburg.de]

Joined: Oct 2000
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in all fairness here........


Quote
My good man,
as i am currently blowing cyber-rasberries at you, it would be unfair to not let you defend yourself........
http://www.contractorresource.com/cgi-bin/showContent.cgi/avoidcptm/

~Steve
aka
sparky

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