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@lukegilbert7985 Күн бұрын
With the way the Government here in australia absolutely makes life hell for small business owners it’s move like 4 times. There is no value in building anything and sure doesn’t end up in the pockets of builders or trades either. Then to sweeten the deal the government has a budget of $2b to do a project. Spends $7b and then pays people $150k a year to sweep up. Which makes the labour market in trades actual bullshit cause everybody thinks they are worth monopoly money. Broken. It’s all broken!
@Jason-qg1gx Күн бұрын
You are out of your mind.
@blackdragan Күн бұрын
But they will pay the insurance company 4000 a year to be told we don’t cover that or that’s not higher than your deductible !
@reggiedunlop5167 Күн бұрын
Goes to McDs....."15 bucks for a burger/fries/Coke? Screw you!"
@whitetailtherapy7908 Күн бұрын
I mean cost him 1500 for material and labor charges 3000 then you get around 25% taken out depending on what state your in which leaves you at 2250..the 1500 to cover material and pay your guys..that leaves you with 750.. not like he pockets 3000
@FastHandyman Күн бұрын
Exactly.
@alexharris4610 Күн бұрын
This is an absurd ideology since when did providing a service, double the price of actual production of the service. This is a scam, a ripoff, and nobody should be paying these absorbently high prices.
@maine-ly Күн бұрын
Imagine if all companies worked for profit instead of selling a product or service at cost.
@johnmclaughlin9674 Күн бұрын
But it’s the government no it’s other Americans are greedy don’t buy anything do it yourself
@sophisticatedmorons Күн бұрын
Business 101
@jacobcoles1038 Күн бұрын
This guy said take advantage of hard working people. Wtf!?
@fanatujax Күн бұрын
God damn, anyone here posting about greed and inflation and everything this is literally how jobs are priced and have been for the past century. This isnt new, this is just how anyone who actually makes a living charges. This is how business works, yes there are cheaper and yes there are more expensive but this is the standard for most industries who perform services
@brandonleesanders Күн бұрын
I charge 2.5 x my cost
@TheMrgman910 Күн бұрын
And then we wonder why inflation happens. Because of greedy businessmen and woman overpricing arbitrary prices such as labor
@siiioxide7807 Күн бұрын
3k 😂😅😂
@Yarglenuts Күн бұрын
So, double the cost of your Labor. Heard. Contractors admitting to ripping you off. Labor IS your profit. Fuck that.
@TrapLife4L Күн бұрын
How is labor profit? Labor goes to the employee
@Perfect_Pizza Күн бұрын
It would be foolish not making at least a little profit from supplies, maintenance and insurance. You gotta start at a 100% markup in order to leave room for mistakes, discounts, issues, etc. most of that extra youre making isnt profit either as a lot gets reinvested back into the business. If my cost for supplies for my moving company for example is $125 on a job, im charging $250. $100 pf that markup is going toward the next restock of supplies and the rest is going toward other expenses like marketing. You gotta leave room for compromises too with the client so you dont accidentally bust on the job. This is business 101.
@Yarglenuts Күн бұрын
@@TrapLife4L he is the employee
@GreatSuccessSolutions Күн бұрын
The utter ignorance of the posters here that think he was talking about real hard numbers is astounding and laughable! He was using a made up number so people could understand what he was saying!
@paulharsh78 Күн бұрын
Everyone thinks they’re a doctor now.
@JordanWilson-mq5sy Күн бұрын
Good luck with that buddy. Pretty easy to undercut ya and still do great work.
@amclaughlin681 Күн бұрын
It will take 30 minutes to paint and we are paying for the "Experience" 😂
@LopezZeta Күн бұрын
People really gotta start letting these business collapse
@leviticusstudios1006 Күн бұрын
This is the exact math that is used in most industries and everyone understands. Especially in retail. This is a necessity for businesses to not just survive but grow and thrive
@tempsitch5632 Күн бұрын
No, and this isn’t retail.
@WilliamVanAsperen Күн бұрын
The 1/3rd business rule applies to most freelancers/arts and contractors. 1/3 for Hard Costs. 1/3 for Profit. 1/3 for Resellers/Retail/Owner.
@gordonstevens29 Күн бұрын
And don't forget while charging x2, go ahead and do a piss-poor job of it too
@jesseburnham2668 Күн бұрын
50% profit to start. That's the bottom price. White in restaurants, we are happy for 5-7%.
@HomeStatOfficial Күн бұрын
two completely different overheads, never gonna be a fair 1:1 comparison.
@Ryan37373 Күн бұрын
I’m a contractor , He’s talking about higher end homes it doesn’t cost 3k for a 10x10 bedroom, it’s just an example. But anyway this isn’t greedy it’s business. I pay my guys $30 /hr and it cost me 45/hr with insurance, PTO, car payments, ect. so I charge 65-80/hr to the customer and today I completed my 2,891 job. You won’t always get a 50 percent margin but on painting, yes it’s more common
@jesseburnham2668 Күн бұрын
If I followed this math, you would pay $40 for a cheeseburger.
@Ryan37373 Күн бұрын
@@jesseburnham2668 in vail co you do lol
@Ryan37373 Күн бұрын
Just to install a storm door today took 2 hours, I charged $775. The door cost $300 had to pick it up paid my carpenter $180 then got the check from the customer, it’s business not greed.
@jesseburnham2668 Күн бұрын
@Ryan37373 you made $275 for 2 hours of work that someone else did? I'm not judging. I'm literally asking.
@Ryan37373 Күн бұрын
@@jesseburnham2668 yes. thats what a contractor does
@Lord.Smith.the.first. Күн бұрын
I'll just get a paintbrush 😂
@Halfevilracing333x Күн бұрын
I mean that's pretty standard
@jboyanderson2352 Күн бұрын
And thats why i cant afford to fix my house why i cant Buy a built renovated one and part of why the country is struggling we dont help other humans struggling anymore everyone is out for theirselves and their own monetary gain. Life is not money no value can be put on it. Be kind
@minicoop1008 Күн бұрын
Him doing hard labor for you for free is not kind it’s stupid learn a skill
@Erikpdx Күн бұрын
When the younger generations don't want to do this work, the ones that do can name their price. Anyone can be a painter with a license in 8 weeks with less than $1000
@MrFacepeel Күн бұрын
In what world does it cost a thousand dollars to paint a room?😂
@christophertams5978 Күн бұрын
Riiiiiiip off. I hate big GCs who need a cut of everything. I think you should be in the field at least two years before you’re selling jobs.
@kinglokimrvegas8687 Күн бұрын
So be greedy and lose out on customers who say fuck this I'll just do it myself 😂😂😂
@wimpow Күн бұрын
You want vacation? You want to retire some day? You want to own yourself a house? Have kids? Charge X2 or you won't have anything of the above. And nobody will ever thank you.
@TheBeStLifehomestead Күн бұрын
They dont loose out on anything. Customers who always trying to get it cheaper are the worst to work for
@merg2928 Күн бұрын
It has nothing to do with greed obviously you’ve never owned a business. There’s such things as overhead for employees building vehicles you know insurance fuel. DYI people do it because they can, and they usually usually can’t afford to pay someone to do it. It’s not like the guys getting rich.
@Lakehousebuild Күн бұрын
And this is why people slowly get okay with having people come across the border to do it for a reasonable price
@felixuchies4688 Күн бұрын
Take what it costs, then add what you need to make in the time it'll take to do it, and add 30-50% in case stuff doesn't go right. Stuff goes right, instead of pocketing the extra 30-50%, give it to your workers as a thank you for the job running smooth, reminding em you charge extra in case they F up, but they keep it if they don't F up.
@TheDkbohde Күн бұрын
He’s not saying that’s how much the cost to paint a room would actually be…. Feel like some of y’all needed to know that. If a contractor charges the exact amount it costs to have the work done then who pays for the business? Yeah you can have my hard earned skill and knowledge for minimum wage, sure. Have fun DIY then calling me to fix it after you flood your house or electrocute your cat.
@alexapexgod4643 Күн бұрын
No the owner is just lazy do the work yourself you make a extra $500 😅
@Erikpdx Күн бұрын
Who floods the house while painting?
@TheDkbohde Күн бұрын
@@Erikpdx he’s talking to contractors generally. Painting a room was a random example with a made up number to help people contextualize what he was talking about.
@Erikpdx Күн бұрын
@@TheDkbohde you're right. There not much anyone can't learn nowadays on KZbin, though. Some common sense and caution on electrical or plumbing required, sure
@TheDkbohde Күн бұрын
@@Erikpdx 100% but it has started to get a little silly. I think it only bothers me because of the disrespect that can accompany it. Tradesmen that do good work cannot be replaced by DIY there’s just too many hours of repetition required to really understand how everything works together on a project. I completely agree that KZbin is an amazing resource but some things are best learned with some oversight lol
@phil111ify Күн бұрын
Sounds expensive until your vehicle brakes down or you have to pay for insurance brakages etc
@johndawson8544 Күн бұрын
And this is why you can't afford a house anymore😅
@barkingspider2007 Күн бұрын
This explains why he has plenty of free time to run a KZbin channel😅
@AllyJJreal Күн бұрын
Let others make their own mistakes; know your own capabilities and do your own math.
@mariner1358 2 күн бұрын
Pressure washing a roof ruins a roof, unless it is concrete tiles.
@brandonlong2796 2 күн бұрын
And that’s going to be a … nope
@ralphramirez1979 2 күн бұрын
It's getting ridiculous. Hang a picture 1k plus tip. I just fix myself or just leave shit. Handy men are more ripoff then contractors. All jagoffs
@AllyJJreal Күн бұрын
Spoken like a nightmare client. “It’s just hanging a picture derrrrr!” Meanwhile, you actually need 2 craftsmen to assemble a complex oversized frame 15’ in the air, and you won’t move the baby grand piano out of the way because, “you can just work around it”. “Easy job, should take you like 15 minutes”
@achilles3540 2 күн бұрын
I’m a little confused is she doinbrg this with employees or is she doing it by herself and she only made 140k how is she paying people and making a profit
@shanecarrig1204 3 күн бұрын
3 grand a room and he won’t even bother under coating the woodwork
@undesignated3491 3 күн бұрын
Yeah and tell us how much all the machinery costs, all the issues. You don't MAKE 1.5 million washing driveways. You might turnover that amount ! Tell us how much company spent in fuel costs 2023
@cgilleybsw 3 күн бұрын
serious truth there
@theharrycheese 3 күн бұрын
This is a man that’s way over his head in fixed cost
@michaelcappello4687 3 күн бұрын
That's a horrible way to run a business, should be 3x, not 2x.
@Jobber 3 күн бұрын
Tom mentions 2X as a minimum and a good starting point for pricing for folks that are having trouble getting started. But absolutely not the 'be-all and end-all' rule for pricing!
@Perfect_Pizza Күн бұрын
Depends on the industry.
@commidore4499 3 күн бұрын
I was told 3x the materials and the +100 a day for labor. 1/3 up front. Covers the cost if the material so i can get started.
@Jobber 3 күн бұрын
Sounds like a good formula, thanks for your comment! Of course, there are many variable across industries and jobs. Tom's point is that the 2x rule should be a minimum for contractors to ensure profit. Everyone can and should ultimately do what works for their business.