Business help?

Discussion in 'Business Operations' started by qualitylawnmanagement, Feb 20, 2007.

  1. qualitylawnmanagement

    qualitylawnmanagement LawnSite Bronze Member
    Posts: 1,001

    Ok I need a little help on my how much to charge for my hourly rate. Also how much should I figure in fuel that I will be using?

    Equipment:
    2001 Ford F-250- $1.33 an hr.
    2004 Simplicity Pacer W/B- $2.00 an hr.
    07 Dixie chopper- $11.50 an hr.

    So far to just own the equipment it cost $14.83 an hr.

    To insure my mower, trailer, walk-behind and hand helds it's $357.00 for the year.

    Commercial insurance on my truck is $4,199.00 for the year.

    I plan to have one guy with me at all times and will be paying him $8.00 an hr.
     
  2. qualitylawnmanagement

    qualitylawnmanagement LawnSite Bronze Member
    Posts: 1,001

    Anybody?:usflag:
     
  3. Matt k

    Matt k LawnSite Member
    Posts: 60

    What other overhead expenses do you have? what profit margin do you want? What do you want to take home per year? How many billable hours are you selling for the year? etc.... Alot more information is needed to help.

    First of all, you need a new insurance carrier! If you are paying $4200 a year for truck insurance, you are getting severely hosed.
     
  4. mrusk

    mrusk LawnSite Gold Member
    Posts: 3,260

    Do you have any DUIs or something? I am 20 years old and pay 1200 a year on a 05 4/4 ton Cummins.
     
  5. qualitylawnmanagement

    qualitylawnmanagement LawnSite Bronze Member
    Posts: 1,001

    Does 20% profit margin sound about right? I have commercial auto insurance threw progressive.
     
  6. qualitylawnmanagement

    qualitylawnmanagement LawnSite Bronze Member
    Posts: 1,001

    I got a speeding ticket and into a wreck.:cry:
     
  7. fiveoboy01

    fiveoboy01 LawnSite Silver Member
    Posts: 2,988

    I've got two tickets still on my 5-year window.

    My insurance is nowhere NEAR what yours costs, and I have a brand-new truck.

    You should shop around.
     
  8. rodfather

    rodfather LawnSite Fanatic
    Posts: 9,501

    $4200 for a truck is way out of line...that is about what I pay for 4 of mine.
     
  9. qualitylawnmanagement

    qualitylawnmanagement LawnSite Bronze Member
    Posts: 1,001

    Ok guys I figured out how much it is going to cost for my hourly rate.
     
  10. SpikeGT

    SpikeGT LawnSite Member
    from NW OH
    Posts: 74

    You need a better insurance co., I have both my trucks insured and it's just over $1000/year for both of them.
     

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