Quote:
Originally Posted by oh'mike
Well, If you were paying your self for this job,you would have earned $10.00 an hour.
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Earned? So let's figure it out. (If you were paying yourself)
Cost - rental $38.29 (+ or = 4 hours of your time)
Did you have to purchases any additional fittings to connect?
Even if HD is only 5 minutes away, you still loose (costs you) 1/2 an hour each trip.
How much is your time worth? Even to break even at $75.00 (the going rate in your area)
Not even including the fuel, insurance, and minimal wear and tear on your car/truck (yeah is small, but it's still a factor - you're not going to walk to HD and carry it home are you?)
$75.00
-
$38.29
$36.71 divide that by five hours and
your time would have to be less than $7.34/hour to make a profit.
And that is as long as you didn't have to purchase any fittings or other other parts to make the connections, and hopimg that you did get enough water out that you won't break anything with a freeze.
My time is worth more than $7.50 an hour to me. My spring start up's also include lots of extra new clients that like to do things themselves, but didn't do it right in the fall. Lots of repairs for me to fix when they turn the water on. It's not that the can't repair it, or don't know how to. It's more of they know that they don't have the tools, glue, primer, parts, and time to do a repair that I could do in a far shorter time.
I've had a long time client that always his own irrigation work at his home. I do all of the irrigation work at his three restaurants. He told me that he had a major leak that he couldn't find. So far he has put in about ten hours looking for it before giving up, and calling me. I found and repaired it in under two. While I was there, I was also able to see and fix three other small problems that he didn't even know that he had.
Some times some people don't understand that they can make more money doing what they know best, and that they can actually save money by hiring a contractor.
On the other hand, you have the satisfaction of doing the job yourself.
Mick