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Reply by sgcz75b

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Posted on Calculating Overhead & Shop Rate

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sgcz75b

72 posts in 639 days


#1 posted 05-07-2019 01:23 AM

In my career in creative arts, I never bid any job on my time. I bid on the project.

I loved bidding against those who tried to calculate their time. They always lost.

I could bid $2000 for a project and it might take me four hours or less to do.

Those that bid their time, if they got the project, consistently screwed themselves.

I ran my business for twenty years until I retired at 56 (though I still consult for clients of my choosing). Those that charged for their time ran their business into the poor house in about 4 years. No one who was in the same business as me when I started was in the same business when I retired. Not one.

Bidding on your time in a self-employed business is a sure road to financial failure.

Of course, you may be different and I might be wrong, but experience tells me otherwise.

-- "A dying people tolerates the present, rejects the future, and finds its satisfactions in past greatness and half remembered glory" - John Steinbeck


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