Good answer. Quality should always come 1stWe try to gross about $100 hr of on job time. That being said sometimes it's higher sometimes lower. Quality comes first. If have to spend more time scrubbing or spotting than anticipated our hourly goes down but the customer still gets the best quality.
So what are you saying, if we gross a $100 per hour we only take home $30Yes but what did you make after insurance, equipment loan payments, gas, chemicals, equipment costs, maintenance costs, marketing costs, website costs, phone costs, etc etc.
$100 an hour sounds good until $70 an hour in chunks is taken out
It sounds like you have a joyful life Jim. I wouldn’t touch a thing. If there are tweeks needed here & there for college or whatever • cool • but, keep on truckin Bro.I'm usually at $80-$100 an hour on residential but I only get 4 or 5 hours of actual production a day. Then After spending 15% on expenses and putting away 15% of each deposit for taxes, I get to keep $56-$70 an hour.
I really NEED to make more than that if I'm ever going to put money away for retirement and pay for my daughters college. Especially since my income is our only income since my wife is somewhat disabled.
When I look back at my last real job that I left in 1997 where I was making $8.60 an hour I realize I'm doing OK for an uneducated hillbilly.
How ? ? ?I know my experience is different because in 18 months I bought two trucks and two mounts and decked with all the bells and whistles equipment (all paid cash except the trucks and mounts)
But my first 18 months of business I've taken home an average $1,000 a month. That will change this year, my expected average take home is $3,500 a month. Once the trucks are paid off, average expected $5,500
You are absolutely correct, we all have different needs, and are all in different situations.This thread has gone exactly as I expected. It comes down to each operation has its own goals that have to be met. Per hour is a target but you must understand your operational costs in order to know whether that per hour rate is effective for YOU. One company might need $100, one might only need $60, while others need $200 or more.
Point is... there is no magic works for every one per hour rate. Understanding your operational costs is the key to unlocking your business profitability. Ignore or choose not to know it, ... well... probably won't end well.
Hey guysJust curious how much money per hour you all think we should be making in this industry
Same here.........I own all my equipment. I have insurance, fuel.......I’m all referrals......maintenance, chemical and supply costs are minimal.......2020 was a crappy year though.So what are you saying, if we gross a $100 per hour we only take home $30
i'm sure i'm not the only one who can say this but I flat out own all of my equipment and van as well.
So i have no equipment or loan payments and that's a big help.
We all have maintenance and chemical costs and of course gas for the van costs
As far as marketing/advertising goes, other then my website which costs me $16.90 a month and my business cards i pay nothing else. i have a facebook page and am on next-door .com which is free. next-door works great for me.
I have one cell phone which is used for both business and personal, i'd have it and have the same phone bill weather i had this business or not so i don't really factor that in.
Yeah my 2020 was down a little too due this dam pandemic, but it did pick back up, luckily i have a second source of income so basically i was fine.Same here.........I own all my equipment. I have insurance, fuel.......I’m all referrals......maintenance, chemical and supply costs are minimal.......2020 was a crappy year though.