Create a business providing a SERVICE, not a product. For example small repairs on cars...
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Accounting
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:
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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