Black Enterprise Article
Help Needed said...
Hello Sirena,I read your article in Black Enterprise and was amazed of how far you have come with you Business. It caught my attention because amout three years ago I ventured out in the same direction, but I got stuck becasue I didnt know how to charge customers. Any Suggestions?
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Help Needed, thank you for your post. I'm so glad that you enjoyed the article. I have two suggestions for you. One, Tennille Robinson, small business editor at Black Enterprise publishes a small business advice column in every issue. I suggest that you pose this same question to her because she may have access to resources in your area that may give you a better direction. My company generally employs union laborers and their wages are determined by our collective bargaining agreement. Therefore, their wage rate is public information through the Laborers district council for my area. Union or non-union, once you have an idea of what your labor costs will be (wage,benefits,taxes) you then can add a percentage for insurance, overhead,profit and small materials to give you an idea of what you should charge hourly. Once you see a project you can determine how much manpower and how many hours will be necessary and just do the math to determine what to charge. Working with a good accountant and insurance person will be very helpful with this process as well. Check out your local SBDC (Small Business Developement Center) they can offer you accounting, business strategy ideas and basic legal services at no charge or a very small charge. Lastly, it never fails to locate your competition or a company that offers a similar product or service and inquire about their services as if you are a customer. It's not against the law. Do your research. I hope this helps.
Great job you are doing with your company. I'm in the contract cleaning business also. Been in business almost 2 yrs now www.rzjservices.com
We are growing slowly, but we are growing. You have to be patient and persistant down here in Texas. Like the website you gave out in a previous post http://sbm.temple.edu/sbdc/
I use the sba website a lot and I go to numerous forms. Checkout www.cleanoutlook.com
Check me out on facebook, just search for Ronald Payne in Dallas. Facebook is great for business.
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