Expenses going up! Another reason to revisit your prices

[Joe Marconi]

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[xrac]

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[dfrisby]

Just got my accounting caught up and first year ever I've been running at a loss, even though gross sales are up.  Just raised shop rate from $90/hr to $100/hr with plan to raise monthly to $120 an hour by October 1st.  Cost of labor is up 30% from last year and it's been everything I can do to attract and retain employees.  I've known for years that techs were not making what they should, but I'm nervous about pricing myself out of the market around here as other shops in the area are at a much lower hourly rate still.  Anyways, I'm going to pay my techs what they deserve and keep afloat or I'm going to go under trying.  All their expenses have gone up as well and it's time.

 

[Joe Marconi]

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