[.86797]

How do you figure your hourly rate if you don't include labor costs and overhead? And how will you have anything left over--profit--if you don't include that?

These are rhetorical questions, because nobody can accurately and properly figure their hourly rate if they don't include labor, overhead, and profit. And by accurate and proper, I mean an hourly rate that allows you to make a decent wage and have money left to grow your business.

Brian Phillips

I charge $400 a day for labor not including paint and materials and bid jobs based on how many days to complete. So my rate per hour is $50 sometimes I work 10 or 12 hours a day when I'm extremely busy. So the rate varies. I'm not great at estimating jobs, hell, im probly not even good. if I'm not sure about how long something will take I add an extra day to the price to be safe. I need to make 2k a month just to cover all my business expenses.Work is never consistent. I charge 50 an hour because I'm under the impression that it's on the higher end of what a painters make in my area. I'm just hoping I can make enough to get me through another winter. I'll probly be out of business in 5 years if I don't figure out a better way, but that's why I'm here, to learn. Until now, i didnt know that labor and profit were 2 different things. Can you Please breakdown how to calculate overhead and profit into a price? Give a hypothetical please?