Contact Us/Help!
Handle:
Password:
Forget Your Password?    Join for FREE!
TheAlterEgo
SGV, LA, CA
371 blogs/10545 comments
since May 20 2016

Level 4
AttributeLevel
Overall4
Safety5
Compliance3
Integrity4
Reliability4
Karma4
See Photo Albums
Accurately Computing Profit Margins in Small Service operations (money talk)
Jan 2 2018 09:33PM more by TheAlterEgo
Tags: Orange County, Random (All tags)

How do you accurately calculate profit margins in a service business?

Profit margins is the net gain ($ made), to find that you subtract your
Losses. Losses include transportation cost, supply cost, non-value added labor etc.

Any good business people here?

I want to stretch my profit margins and in order to do that I have to account for all my losses.

Thanks!!!
      
There are 14 comments on this blog.
TheAlterEgo
SGV, LA, CA
371 blogs/10545 comments
since May 20 2016

Level 4
AttributeLevel
Overall4
Safety5
Compliance3
Integrity4
Reliability4
Karma4
See Photo Albums
Jan 2 2018 09:43PM     link to this

Awesome info!
Gotta tweak some variables to get optimum profit, you get me!
lachineseguy
SGV, LA, CA
2021 blogs/18970 comments
since Mar 3 2006

Level 5
AttributeLevel
Overall5
Safety5
Compliance5
Integrity5
Reliability5
Karma5
See Photo Albums
Jan 2 2018 10:03PM     link to this

buy high sell low, make it up by volume.

then add "blockchain" to your company name. profit!
TheAlterEgo
SGV, LA, CA
371 blogs/10545 comments
since May 20 2016

Level 4
AttributeLevel
Overall4
Safety5
Compliance3
Integrity4
Reliability4
Karma4
See Photo Albums
Jan 2 2018 10:20PM     link to this

It’s not really a company. I would call it a small service operation.
Big factors is scheduling, overhead cost and advertisement.
mjcjmjcj
Burbank, SFV, LA, CA
24 blogs/8667 comments
since Jul 20 2013

Level 3
AttributeLevel
Overall3
Safety3
Compliance3
Integrity3
Reliability3
Karma3
See Photo Albums
Jan 2 2018 10:29PM     link to this

So you're trying to become a booker?
teeitup
Massachusetts
1017 blogs/14628 comments
since Jun 9 2007

Level 4
AttributeLevel
Overall4
Safety4
Compliance5
Integrity4
Reliability4
Karma4
See Photo Albums
Jan 2 2018 10:30PM     link to this

Do you have specials?


(Askin for a friend, named Lou, who is a little shy.)
TheAlterEgo
SGV, LA, CA
371 blogs/10545 comments
since May 20 2016

Level 4
AttributeLevel
Overall4
Safety5
Compliance3
Integrity4
Reliability4
Karma4
See Photo Albums
Jan 2 2018 10:33PM     link to this

No.
The service it’s a skilled labor service.
Has to do with academics
TheAlterEgo
SGV, LA, CA
371 blogs/10545 comments
since May 20 2016

Level 4
AttributeLevel
Overall4
Safety5
Compliance3
Integrity4
Reliability4
Karma4
See Photo Albums
Jan 2 2018 10:38PM     link to this

I book myself and I perform the service.
The service has to do with academics.

I wanted to get some insight on the pros on how to
Optimize efficiency and shave off non-value added cost.

Non-value added cost is obviously transportation cost.
Commute time is variable (distance is fixed), mpg is another
Variable (Im I missing anything)
mjcjmjcj
Burbank, SFV, LA, CA
24 blogs/8667 comments
since Jul 20 2013

Level 3
AttributeLevel
Overall3
Safety3
Compliance3
Integrity3
Reliability3
Karma3
See Photo Albums
Jan 2 2018 11:03PM     link to this

Do you work with special needs students? Maybe Froggy could use your service.
TheAlterEgo
SGV, LA, CA
371 blogs/10545 comments
since May 20 2016

Level 4
AttributeLevel
Overall4
Safety5
Compliance3
Integrity4
Reliability4
Karma4
See Photo Albums
Jan 3 2018 12:03AM     link to this

Fubar you nailed it!
I have been strategizing the youtube thing, just need to know best execution method.

Just awesome explanation overall!
crow999
SGV, LA, CA
17 blogs/404 comments
since Jul 19 2008

Level 1
AttributeLevel
Overall1
Safety2
Compliance2
Integrity2
Reliability2
Karma2
See Photo Albums
Jan 3 2018 01:05AM     link to this

so. HX points are not profits???
loucfirr1
LA, CA
212 blogs/26584 comments
since Jun 29 2008

Level 4
AttributeLevel
Overall4
Safety4
Compliance4
Integrity4
Reliability4
Karma4
See Photo Albums
Jan 3 2018 10:59AM     link to this

Thanks tee!
teeitup
Massachusetts
1017 blogs/14628 comments
since Jun 9 2007

Level 4
AttributeLevel
Overall4
Safety4
Compliance5
Integrity4
Reliability4
Karma4
See Photo Albums
Jan 3 2018 11:26AM     link to this

"I book myself and I perform the service.
The service has to do with academics."

"Besides cutting costs to optimize profits, if you have proven yourself in the industry to be the best at your services, offer a value add that others don't, are flexible in your ability to get the job done in short notice, or are known as the guy that can get it done when no body else can you may be able to demand more than the market will usually bare."

1. So they're calling it "academics" these days, OK. But it's the same old same old, "service" "flexible" "guy that can get it done" "bare."

2. One obvious way to cut costs is just get rid of the clothes. And didn't see "car date" mentioned anywhere or "use a friend's pad."

3. Don't forget to right off condoms as "business supplies" (call them finger cots)



(and Lou, always tryin to help the handicapped)

teeitup
Massachusetts
1017 blogs/14628 comments
since Jun 9 2007

Level 4
AttributeLevel
Overall4
Safety4
Compliance5
Integrity4
Reliability4
Karma4
See Photo Albums
Jan 3 2018 11:44AM     link to this

Hey, pay attention! We're lookin at this from the business man's perspective, not the customer. Tryin to make belly a few more sheckles. You'd make one crappy high powered tax lawyer.
TheAlterEgo
SGV, LA, CA
371 blogs/10545 comments
since May 20 2016

Level 4
AttributeLevel
Overall4
Safety5
Compliance3
Integrity4
Reliability4
Karma4
See Photo Albums
Mar 27 2018 04:00PM     link to this

Fubars advice will always live with me
There are 14 comments on this blog.