Hard Knocks IV
Member
- Joined
- Aug 5, 2006
- Messages
- 45
By the clock hour,customers understand that easily.Big outfits charge for the time a machine is on a job whether is in use or not.
So, there's two answers; 1 is right but hard; 2nd is easy but wrong.How much per hour do you generally charge say for a 50 HP tractor with standard bucket?
So, if you go to work and spend time on coffee breaks, staring out the window while tapping your pencil or talking with co-workers, we can deduct those hours from your pay?When using a tractor to do work for other people and charging by the hour my understanding is the hours are measured by the hour meter on the equipment versus the wrist watch.
What say you ?
Quite the definition of a successful business, and not much respect for a talented craftsman in any trade.So, there's two answers; 1 is right but hard; 2nd is easy but wrong.
Right way is to figure your operating costs including depreciation on everything used, your hourly pay check+labor burden; and then profit. Keep in mind, just your 'donation to the overlord is going to be 20-50%, with both parts of SS and income/medicare. Also need to figure Overhead, maintenance, transport,
Wrong but easy way; would be say; 3.1x your day job rate; and see how that works. If your too busy, increase that rate.
Anyways; if you weed out the bottom 20% (guys charging $35/hr) and top 20% prices around here; somewhere between $80-120/hr.
If all yiu do is pay yourself a good wage, it's not really a successful business, it's just a self employment. Basically; if you can't throw a well paid hobo in the seat, and still make money, your not really running a successful business.
Good point. A few years back, I noticed that with my little B7300, when letting the grand kids use it to learn to drive it. I would set it up to run low RPM's while they maneuvered around obstacles and did forward and backward turns, and so on. Afterwards the hour meter had not shown anywhere near the time that they had spent driving. Some time I just might try and keep a record of such an event and see what actually happens.Just make sure how the hour meter on the equipment runs.
For example some tractors only count hours at full PTO speed.
Its all regional and what your local market will bear. Also depends on how good of an operator are you. IF all you are focusing on is loader work.....a skidloader will work circles around you at probably not much more per hour.How much per hour do you generally charge say for a 50 HP tractor with standard bucket?