A common mistake that new entrepreneurs make is that they fail to realize that the cost of doing business is not the only thing that should be priced into their service charges. There is a pretty good chance that your business would fold if you did this, since you have not left any room for profit! Running a business isn’t just about keeping it open and providing services to people. Quite on the contrary, it is supposed to function as a way for you to earn income that you can live off of.
The basic premise behind pricing the services offered by your Humble carpet cleaning companies is to recognize that your profit margin can actually be quite high. This is because of the fact that you only have equipment acquisition costs and transportation expenses to cover, so the rest of it would end up nowhere but in your pocket or your bank account if you have a more modern approach to money management. The truth of the situation is that charging around five cents per square foot should cover these costs, so you can add another ten cents to start getting paid for your work.
Every job that you do requires your physical labor, and the fact of the matter is that you are entitled to just and fair compensation for all of the hard work that you have done so far. You can get this compensation by charging a rate of fifteen cents per square foot. That will give you a nice buffer that can cover any unexpected costs as well such as machine replacement or giving an outgoing employee some kind of a severance package.