Good evening LJ’s
I know it’s been a while but I really haven’t had much to write about but here is a scoop load of info based upon my learning experience.
Two weeks ago I was commissioned to build a bathroom cabinet not much three drawers, two doors so I quoted a price of around $320.00 :) The customer loved the price, But Boy did I sell myself short, After a Google search I found out it was called a vanity and boy was there a price difference Paint grade sell for $650.00 and up for Oak and other hardwoods :) Now I would have been profitable except for a few quirks I did not expect. One was the lumberyard I deal with delivered Chinese Plywood :( Boy did this crap give me fits Splinter city. Second Blum drawer glides require a special jig to be productive and square Not easy without it. Third and most important was my utter Clutter and disorganization On one such occasion I counted 15 Minutes looking for a square I laid down After figuring a cost analysis I figured out I lost money due to this check this out.
As hobbyist we really don’t account for time because we really don’t need to, Organizing is an option and our work methods and tools really don’t matter.
Well do the math if your shop rate is $35.00 per hour a fair rate by today’s standard and you spend 15 minutes per day looking for tools supplies and Etc. Look how much you can lose
$35.00 per hour Divided by 4 OR 15 minute quarters
This boils down to $8.75 per 15 minutes
Over a 40 hour 5 day week this is $43.75 out of your profit margin
Add more for effect 1/2 hour per day and it double’s to $87.50
On a profit margin of 170.00 you just ate up all but $82.50
Really I got my fingers smacked by Murphy’s Hammer on this one next week I hope to cover how to bid profitably and I really learned my lesson about jumping the gun without any bullets :)
If you want to figure out how much things go for do a Google search on what you are building, Stay away from the stuff less than normal as this is most likely Chinese made stuff but look for the American handcrafted items Boy will you be surprised :)
As I leave here is a picture of the cabinet in my shop
-- Proverbs Ch:3 vs 5,6,7 Trust in the lord with all thine heart and lean not unto your own understanding but in all your ways aknowledge him and he shall direct your path email@example.com