Thread: MN Labor rate?
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Old 05-09-2007, 01:18 AM
KevinKriha KevinKriha is offline
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Join Date: Nov 2006
USDA
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Maybe I should be a little more clear. Right now I am only a 1 man operation. If I were to hire general labor I don't think I would charge much over $25 to $30 per hour, depending on their abilities, knowlege, and duties within the company, but as for myself I thought $60 per hour may be reasonable, being that I am the guy that is supposed to have the answers for my clients and gaurantee the work I do for them. the $60 is before taxes, social security, medicare, and what not. The 25% markup on labor I figure will cover the cost of doing business, allow for money so my business can expand and obtain needed equipment in the future, and also give it a little cushion for any unforseen problems like maintance on equipment. Plus I figure if the business is not going to make a profit and only pay me a wage to live on. I might as well forget about all the headaches of running a business and go get employed somewhere. So as a wage for a single person business doing the work himself, $60 per hour fair, low, or way to high? I just want to make sure I am not going to end up getting a bad reputaion either as a low-baller by competitors or as over-priced idiot by customers. What are soe of you charging out for yourselves per hour. Thanks for the responses so far and any further responses would be appreciated.
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