Here's what your employees really cost you

I’m still on the topic of charging enough (I almost never am far away from it - because it’s so important). It’s hard to resist the downward price pressure if you’re not sure whether the pressure is fair or not.

Maybe you’re too expensive. Maybe there’s something you don’t know or don’t understand and you’re out there in the marketplace charging too much.

If you truly understand your costs, you’ve got part of the picture clear - you need to do profitable business, covering your costs and your overheads and making some profit is a necessary part of doing good business. Knowing this and being confident helps you stand up to the bullies.

This series of 3 videos explore the costs involved in hiring tradespeople (Hint: it’s more than the hourly rate you pay them).

True Cost of Employment (For trades Business)

I’m keen to help you truly understand your costs, in particular the costs to you of the people you hire. Tradespeople cost you a lot more than you think - it’s not just the hourly rate….

Read Full Article Here.

ABOUT THE AUTHOR:

Jon likes helping business owners and especially owners of trades businesses. Life can be a bit frustrating when you run a business and a trade business can be even more so.

If you're a tradie and you've got successful then you probably feel like your life is not your own, that you are always making sure everyone else is OK before you and you never get everything done. You probably work too many hours each week and take your work home with you and you probably don't make as much money as you should.

Jon reckons this stuff is fixable and that you can fix it by making some fairly simple changes to the way you do things. He should know, he's been helping people do it for a long time and he's seen the same changes work time after time. He lives in Byron Bay because he likes it and he doesn't surf because he says it's too hard but he likes beer and food very much indeed. He's written for various magazines and newspapers in his time. Mostly because they think he must know something if he's survived this long. His children disagree.

cited from SMH, Money Magazine