Feb
08
2008
Are You Renting Your Faux Painting Business Space For Free?
Posted by: THAT Painter Lady in Faux Business Skillscontinued: No Other Business Could Rent Your Building For Nothing
Next comes the similar necessity of charging the business rent for the space you use for your painting business. If you did not own it you would have to pay rent, therefore the business is not earning its way unless it can pay you rent. Or, reversing the thinking… if your business cannot pay its rent… better rent the building to some one who can and pocket the cash.
There is just one more question to answer. You may say: "But you do not understand competition in this town. If I raise my prices so I can pay myself a salary and cover the cost of charging the business rent… my prices would be so high that the other painting business would get all the business."
Doing Business For Fun
It is very true that this condition often exists, and this is the answer:
First, always figure in every expense… salary, rent, and other overhead… and then add some extra for profit. The total is the amount you know you ought to get for the job if your business is to make money. If then… you have to bid lower for a faux painting job than that amount… you will at least know that your are Aren't Making Money as a painting contractor, but you are doing business for the fun of it.
You will be doing this with your eyes wide open to the facts… while now you may think you are making money, you may in fact be only making daily wages… and donating the use of your investment.
Additionally… when you once start thinking about this differently… it will not be long until you will try to get your competition to start taking these things into consideration as well. You may even try to get them to make estimates for paint jobs that all of you could realize a profit instead of just a wage.
Doing Business For Fun
It's true that this condition often exists, and this is the answer: First,
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