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I will like you all to share with me how you do you pricing in the business. E.g, kitchen cabinet, wardrobes, entertainment unit, wall paper, upholstery etc .
Figure out your costs, add your desired profit, adjust your methods if needed to be competitive.
Charge as much as you can, but make sure that, at the least, you're making a profit.
Also track time with basic operations. Face frames, cut out job, assembly etc. If you have a smart phone use the stop watch for tracking time. This will help you when you have your cost calculated and bid projects.
This is a very broad question – but what it seems you are asking is “ How are each of the Posters pricing their jobs” .. not “How should YOU be pricing your jobs”
that is a tough one, so hard to "predict" how long a job will take down to the hour.we use a per foot pricing,needless to say it varies through out the year and per customer/market.
one thing i have been curious about is ,what the percentage of payroll costs are against the net sales per region...
Payroll percentage is a good guide, but you need to clarify what "payroll" means.
Is it Gross Pay? Or is it fully burdened (including payroll taxes, WC insurance, benefits)?
Also, as you've alluded to, no matter how small the shop, there is overhead. In a large shop, the person that only answers the phone wouldn't be considered direct labor (and it's not), but does a one/two man shop recognize that the time spent not on the floor being productive is also not direct labor?
Unless those factors are accounted for in the same way, "payroll" could vary widely in mirror image shops.
i would figure every cent spent toward having employees ,even if it means you have to take them out to lunch or cater their meals to keep them...