So, you’ve started your own pressure washing business. You probably spent a few hours thinking of a name; You have purchased the equipment; You’ve probably spread the news to friends and family: you’re in business.
At this point, one of the most important decisions you will face is how much your customer will be charged per hour. Charge too much and you’ll have a lot of trouble finding customers; Charge very little, and while you can do a lot of business, it’s not much to show when it’s done and done. As an extra, if you go under the price first and then realize your error, you could lose all the clients you were accustomed to paying at a lower rate.
To determine how much to charge per hour, hitting the right balance is a consideration of all the variables and keeping an eye on the bottom line. It may seem like if you are charging your client $ 50 an hour, you are paying a good wage, but think about all the expenses associated with performing your particular service, which should be an essential part of your pressure wash business plan. Understand what has happened and pay in more ways than pay, in the long run, Will do.
Let’s say for example a start-up pressure washing business that specializes in cleaning homes and decks. The obvious reasons are paying for transportation, transportation, possibly a rental place for a business or a loan for one or more vehicles. What does not happen immediately with the new business owner is the amount of time spent on the business that will not be billed directly to the customer. If you are running this hypothetical business, you will need to make phone calls to set up appointments, take time to visit homes and meet with clients and give quotes. Even at worksites, you should calculate the time required to load and unload supplies. All these basically unpaid times should be calculated to determine the hourly amount of charge per hour.
How much is the charge to wash the pressure
A good auction starts with a confusion of monthly expenses for which you will actually be able to charge your customers hours Let’s continue with the example of a pressure wash business and assume that the number of hours paid per week is 30.
Vehicle 400 car loan debt equals $ 3.33 per hour
Insurance 125 car insurance equals $ 1.04 per hour
$ 400 logistics clean supply equals about 3.33 cents an hour
$ 150 USD per month Phone and Internet service equals $ 1.25 per hour
The cost of petrol for a vehicle of $ 500 per month equals 17 4.17 per hour
Advertising and marketing spend of 600 and 600 per month equals $ 5.00 per hour
The cost to operate the equipment may vary, but $ 10 per hour is a good estimate if you are included with maintenance and fuel.
If you’re renting a store or office for $ 900 a month, add $ 9 more to your hourly rate
These big and small expenses have already added about $ 40 per hour and you have not yet paid yourself or left any money behind your business made If you are looking to make a good salary and invest some money in the business you need to do some careful calculations. Keeping in mind that your customers will only pay for 30 of your weekly 40 business days, you need to know how much to charge accordingly.
If you want to make $ 60,000 a year with the money to bring back the pressure washing business (and give it to Uncle Sam), you should take an annual salary and pay weekly based on 40- hourly hours, so $ 60,000 an hour is roughly $ 29. Say you want $ 20,000 cushion for business growth, which equates to about $ 9.50 an hour. You already know that your expenses add up to $ 40 per hour, so add them together for about $ 80 per hour. But this is what you charge your customers? If you are working, in reality, you do not want to be paid full time.
Your $ 80 an hour /40-hour paycheck is $ 3200 per week as income. If you bill customers only $ 30 an hour, you need to be $ 106 per hour. Now, you are in business!
Determining how much your customers will be charged can seem like a lot of work, and really, it is. However, the work you do to determine your wages will enable you to have a clear picture of what your financial future will be and determine the success of your pressure wash business from the very beginning.