I couldn't resist. Do you think you're pricing too low? Can you think of some great things you could do if you earned a decent profit on your investment? Maybe you could actually retire with a retirement fund, buy better tools, get a reliable truck, advertise to bring in more business to earn more profits.
I undestand that this is a BUSINESS forum for Electrical CONTRACTORS and profits are very important. But, having quit a large corporation after 24 years and being disgusted by LUST for continually increased profits, I am opposed to maximizing profit as an obsession. I, like many small contractors are content (at least for now)to be able to make a decent, honest living, work every day, and earn enough money to save for vacation and retirement. I see nothing wrong with wanting to establish a business that grows, and can be sold someday, but not everyone on this site has the same aspirations.
As Dnkldrf said-
We all do our own thing.
[This message has been edited by Redsy (edited 04-28-2005).]
Re: Pricing too low?#156394 04/28/0508:11 AM04/28/0508:11 AM
How would you feel about working for yourself for 24 years and having little to show for it? If I want to stay in this line of work I have to get out of installations. My body is becoming "worn and torn". I can either give it up, or hire a tech to replace me. The only way that will happen is if I become the manager and build the business. I may be able to last 15 or 20 more years as a manager, but only 5 or 10 as an installer.
It's not lust for profit, it's expecting a return on my investment. Who in their right mind would invest thousands of dollars without expecting a return?
Re: Pricing too low?#156396 04/29/0511:14 PM04/29/0511:14 PM