A poorly estimated job may damage your company’s reputation when you have to re-quote the customer. It can also negatively impact your bottom line if the cost of the project is not accurately reflected. Consider these FIVE costs before determining the price for your next project: Material Costs: Usually up to 25% of the total costs. Includes the cost of wood and hardware such as hinges, accessories, fasteners, mechanical parts etc. Labour Costs: Hourly production…

George got Blindsided George runs a shop that he started with his partner 33 years ago. (’86 to be exact) His partner passed away a few years ago and he’s kept things going. But- as he told me- things have been flat and declining a bit in the business. Where his average job used to be well over 120k, for the last 2 years, a normal job now is 100k-ish. How does that make sense?…