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Oct 24, 2012

What % of your annual income is "COSTS" ?? EDITED:

Maverick Contracting · Premium Member Roof Cleaning Institute of America

RE: What % of your annual income is "COSTS" ??

Roof Cleaning New Jersey · Oct 24, 2012

I wish I had time or the motivation to do stuff like that. I know it helps to see it on paper.

sweetwaterfish · Guest

Tentatively I'll say 60-65%

Oct 25, 2012

Maverick Contracting wrote:
by what do you determine "costs"?
-chems
-labor cost
-gas/equipment devaluation/replacement (incl. truck)
-overhead/marketing
-etc...

most people leave out a LOT of minute details that attribute to overhead and wonder why their business models and numbers don't equate.

good thread start Chuck!

I should have been clearer. Everything we all have for costs. I guess that's all but labor?

Apex Roof Cleaning · Guest

RE: What % of your annual income is "COSTS" ?? EDITED:

sweetwaterfish · Guest

My figure includes labor.

Guest

One's CPA, Book keeper, QuickBooks program etc, should be able to provide this information instantly. Another way to look at it is "operating profit", but in a percentage format, vs a dollar amount. Then again, there are many variants of OP, including EBITDA, EBT and so on.

Great post Chuck, as cost management (fiscal responsibility in my prior profession) plays a huge role in how financially successful our businesses are.

I wish I could share but I can't, not publically. Too many copy cats following our EVERY move here in my market.

Apex Roof Cleaning · Guest

Roof Cleaning Northern Virginia (571) 250 9650 wrote:

One's CPA, Book keeper, QuickBooks program etc, should be able to provide this information instantly. Another way to look at it is "operating profit", but in a percentage format, vs a dollar amount. Then again, there are many variants of OP, including EBITDA, EBT and so on.
Great post Chuck, as cost management (fiscal responsibility in my prior profession) plays a huge role in how financially successful our businesses are.
I wish I could share but I can't, not publically. Too many copy cats following our EVERY move here in my market.

I suck, at bookkeeping, I need to get better. Its my vow for next year. But I did want to say Ted, the hats you recommended a while back, are the bomb. I love em.

Guest

Apex Roof Cleaning wrote:
Roof Cleaning Northern Virginia (571) 250 9650 wrote:

One's CPA, Book keeper, QuickBooks program etc, should be able to provide this information instantly. Another way to look at it is "operating profit", but in a percentage format, vs a dollar amount. Then again, there are many variants of OP, including EBITDA, EBT and so on.
Great post Chuck, as cost management (fiscal responsibility in my prior profession) plays a huge role in how financially successful our businesses are.
I wish I could share but I can't, not publically. Too many copy cats following our EVERY move here in my market.
I suck, at bookkeeping, I need to get better. Its my vow for next year. But I did want to say Ted, the hats you recommended a while back, are the bomb. I love em.

Glad to hear it Dan! I really like 'em too; wearing one now! Now, consider hiring a dedicated book keeper, taking that responsibility off of you so you can focus on business. My book keeper is also my CPA, AND they do payroll for me. Very reasonable in the grand scheme of things IMHO.

Guest

Our costs to operate with labor is around 45%

MJ · Oct 25, 2012

We shoot for field operating costs at 35% or less, so if I bill 1k that day, we need direct cots that day to be 350.00 in payroll, gas, supplies for job service. Does not include rent, phones, insurance, and any other expense.

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"Find A Certified Roof Cleaner Directory"