Work The System cover image

Improving a Struggling Business

Work The System

CHAPTER

Quick Books - How to Automate Your Pricing

You can't go below a ten % profit, or whatever your minimum goal is. Quick books has this automate it. It just takes the fully loaded labor cost divided by the hours worked. If you don't have time sheets, you can just say, it's forty hours and i jus work. Youknow, even if you do back of the envelope 80 20 rule is better than nothing at all. But either way, you can replace your low margin clients by either increasing their pricing oraddition through subtraction to bring on properly priced clined.

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