Time Estimates

Break your stools into assemblies, figure out how long to do each assembly, multiply that by 1.5 cause we all think we’re faster than we are. That will give you your time and as you make more you’ll get faster to make more money. Then factor in your materials plus at least 25% The biggest thing you need to decide is how much is your time worth. because even if you know your hours and materials you’ll have trouble if you haven’t decided how much your time is worth.

-- Potential is limited only by imagination

Brandon, thanks for posting that info.What a great way to estimate the time.

Good luck, Samantha, I hope this works out great for you.

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Thanks everyone. I think have a good idea of what to do now.

First, think thru how you’ll do the job including any time needed to make jigs, patterns, etc. Multiply that number by at least 1.5 ‘cause none of us are as good as we think we are. – lol Include shopping time in your time guesstimate.

Second, add in the time you’ve already spent – or expect to spend – talking with the customer about what they want and what you will do. (Those aren’t always the same, btw) Add any design (i.e. drawing) time, as well.

Third, price out the materials you’ll need – including hardware, fillers, stains, finishes, etc. Also add in any special tools you might need for this job.

Finally assign a value to your time.

Add it up and you have a price. Simple, huh?

-- Adversity doesn't build character...................it reveals it.