How do you go about pricing your services for profit?
Communicating cost increases to your clients aren't the easiest yet it has to be done as a business continues to grow. Thoughts?
Forum Discussion
Make sure you are including all costs and expenses in your quote. Some of the small, missed expenses can really cut into your bottom line. I typically multiply the cost of parts x 3. Labor is quoted at 2.5 x the hourly rate. I make sure that I am quoting about 60% gross margin so I have room for contingencies that may come up.
