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Mark-up Redux #155354 12/27/04 06:46 PM
Joined: Jan 2001
Posts: 1,044
Tom Offline OP
Member
Since tax time is coming near, most of us are getting all our books in order so we can visit our accountant. Since the information is handy, now is the time to review your overhead figures (or have your accountant do it) so that you can determine how much markup you really need just to cover your overhead.

Just for grins, before you crunch the numbers, write down your guess as to what the highest overhead item is for your business.

I'm betting on "free estimates" for my business, probably followed by insurance.

Happy New Year to all

Tom


Few things are harder to put up with than the annoyance of a good example.
Business, Office, Estimating, Legal:
Re: Mark-up Redux #155355 12/27/04 10:33 PM
Joined: Apr 2002
Posts: 914
E
Electric Eagle Offline
Member
For my company I am the largest overhead expense, followed by my office manager, followed closely by advertising.

Re: Mark-up Redux #155356 12/28/04 08:43 AM
Joined: Jan 2004
Posts: 79
C
cavo148 Offline
Member
Tom, I'd probably second that guess but I'm afraid to assign a number to those lost hours 'n more hours.
Andy

Re: Mark-up Redux #155357 12/28/04 03:37 PM
Joined: May 2004
Posts: 697
D
Dave55 Offline
Member
#1 is time spent at ECN.
#2 is voluntary and unvoluntary time spent talking with salespeople.
#3 is time spent reading books about ways to improve my business.
#4 is estimating.
#5 is salary and benefits!

Just guessing, really.

Dave

Re: Mark-up Redux #155358 12/28/04 04:37 PM
Joined: Apr 2002
Posts: 2,527
B
Bjarney Offline
Moderator
 
I’m flummoxed. I always thought markup used red pencil for the old, and green for the new. …talking about as-builts, right? ;-]


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