Establishing the fee to charge for services is one of the most challenging duties for a small business operator doing handyman work. The business has fixed costs for operation that need to be met, and fees must cover the costs in a manner that makes the service competitive in the local marketplace. Customers want quality service for a fair price, so a rate schedule that meets both customer expectations and business costs is a delicate balance that requires some research.
Instructions
1. Make a list of the services to be provided. Be realistic about skills and list only the services that can be done well in a reasonable amount of time.
2. Determine the average amount of time required to complete the services on the list. Place this time next to each of the services.
3. Determine the average pay per hour for skilled professionals in the area. If the service is to be done by a union member, contact the professional association to determine the minimum fee schedule. If the handyman is not a member of a union, collect classified advertisements from local newspapers and free newspapers. Scan professional service advertisements for prices from online sources such as Craig's List and local newspaper websites.
4. Assess the job list and note work that requires an assistant or helper. Determine the amount to be paid for these services.
5. Determine the amount of pay to be billed for each hour of work. Be realistic, using the local economic conditions to assist in setting an hourly wage.
6. Design a price list that includes the services and the fee that will be charged. This should be laid out with a pleasing graphic design that can be used with clients.
7. Design a separate price list that includes the parts necessary to complete the services offered. Incorporate travel time and gasoline costs into the price of the parts and place the price of the required parts in a column next to the item.
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