Reply by CWWoodworking

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Posted on Calculating Overhead & Shop Rate

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1085 posts in 1056 days

#1 posted 05-07-2019 01:27 AM

I think your formula is ok. Just be open to adjusting.

But it’s gonna be hard to figure out if your charging enough to “make it” full time without being full time.

There is the monthly unexpected almost every month for me. Something always is braking/needs replaced. You won’t get this till your going through serious material. At least I didn’t.

If you want to do this full time, you may want to spend some time focusing on where your orders are going to come from. Doing small odd jobs to the public is a rough business IMO. I think it’s hard to get a constant flow of work.

Good luck.

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