Create a business providing a SERVICE, not a product. For example small repairs on cars or...
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Create a business providing a SERVICE, not a product. For example small repairs on cars or computers or clothes. Or painting or house maintenance. Anything that requires time. Answer the following Questions: See chapter 8 - Time and Material Pricing and watch the Zoom chapter 8 examples I will make available Thursday. 1. How many hours do you think you can bill in a year? 2. What are your costs for the year. List them. For example, your salary, your employees costs, transportation, supplies, equipment, cost of accounting for payments, etc. 3. Divide your total costs by the number 1 answer, hours. This is your cost per hour. You need to bill your customers this amount per hour to break even. 4. How much do you want in profit per hour 5. Add #3 and #4 and this is this is the total amount to bill your customers per hour. 6. Do you think they will pay this much? Create a business providing a SERVICE, not a product. For example small repairs on cars or computers or clothes. Or painting or house maintenance. Anything that requires time. Answer the following Questions: See chapter 8 - Time and Material Pricing and watch the Zoom chapter 8 examples I will make available Thursday. 1. How many hours do you think you can bill in a year? 2. What are your costs for the year. List them. For example, your salary, your employees costs, transportation, supplies, equipment, cost of accounting for payments, etc. 3. Divide your total costs by the number 1 answer, hours. This is your cost per hour. You need to bill your customers this amount per hour to break even. 4. How much do you want in profit per hour 5. Add #3 and #4 and this is this is the total amount to bill your customers per hour. 6. Do you think they will pay this much?
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Lets say we are starting a business that offers computer repair services to customers 1 How many hou... View the full answer
Related Book For
Accounting Information Systems
ISBN: 9780132871938
11th edition
Authors: George H. Bodnar, William S. Hopwood
Posted Date:
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