We talk pricing and P&L reading to help people understand why markup is a nightmare
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HVAC SCHOOL MONEY TALK – Don't Make This Common Mistake
I watch a lot of your videos, but i never comment . This is so what I needed , so thanks.
There is a difference between making a reasonable profit and being a business crimal.
Some of these business owners have have a lake house, 14 car's three boat's and ect.. when is enough enough?!?!??
140 dollars to show up at a house, then the parts mark up then lobor?!?!?
When is enough enough???
I ALWAYS show the customer what I pay for the parts I use.
I'm not a greedy prick and I can rest my head at night knowing I honestly provided a service for someone.
Put yourself in the customers shoe's.
Knowledge is power…
Kł
Try selling 40% mark-up in that fashion ie cogs /.60 on t&m to S&P 500 companies such as 3M , Amgen, Cat . You will never see another purchase order in your career. It’s impossible to sell , so lump sum only or double your labor rate .
Great explanation bud loved would love to see more videos like this to help is first time business owner
On call backs make the tech write up a invoice and show its a call back. Can I write the full invoice off on state tax. Also warranty calls write them up as a loss. Say a motor on 3 ton Trane goes bad 14 seer outdoor 5 years old. If it was not under warranty flat rate price $1290.00 plus 7.2 state tax. Under warranty flat rate for labor only. $760.00 plus tax. write off the cost $530.00 company did not make because the factory thinks parts last 10 years.
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What time and what days you go live ?
A much needed topic.. you did a great job well explained. This is the time like a recession when people get laid off this is when their minds make a decision to go into business for themselves. A recession or a depression a downturn is an excellent time to start a business.
Got in a bit too late for the live show but am watching now lol