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#155354 - 12/27/04 06:46 PM Mark-up Redux  
Tom  Offline
Member
Joined: Jan 2001
Posts: 1,044
Shinnston, WV USA
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:

#155355 - 12/27/04 10:33 PM Re: Mark-up Redux  
Electric Eagle  Offline
Member
Joined: Apr 2002
Posts: 914
Alpharetta, GA
For my company I am the largest overhead expense, followed by my office manager, followed closely by advertising.


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


#155357 - 12/28/04 03:37 PM Re: Mark-up Redux  
Dave55  Offline
Member
Joined: May 2004
Posts: 697
Crystal Lake, Illinois, USA
#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


#155358 - 12/28/04 04:37 PM Re: Mark-up Redux  
Bjarney  Offline
Moderator
Joined: Apr 2002
Posts: 2,527
West-Southern Inner-Northeast ...
 
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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