Mind the door on your way out.
That only works if one is not already getting as much work as one wants, or can do - in that situation, lower charge = lower incomeIf some of you Electricians did not charge so much , you would prob get an awful lot more work. Smaller profit = greater turnover? it worked for me for 20 odd years as self employed.
Probably true, but why would anyone want to do more work for less money?If some of you Electricians did not charge so much , you would prob get an awful lot more work. Smaller profit = greater turnover?
Of course - if one isn't getting enough work because one is over-charging, then one needs to reduce one's prices. However, as I said, if one is already getting as much work as one wants (or can cope with), then lowering one's charges will do nothing but lower one's income.I can see where John is coming from , but what would you rather do have a job for £100 and be paid for it or charge £150/200 for the same job and not get it?
Indeed, unless, of course, one was charging too much in the first place.Charging less to obtain more work will generally fail.
Yes, that's often the case - although it does result in some people paying more than they need, just because they assume (not necessarily correctly) that 'more expensive' necessarily means 'better', or that 'cheaper' necessarily means 'worse' (just look at Aldi/Lidl etc., or at the 'cowboy builders' we see on TV who charge a fortune for awful work!).There is always someone willing to do the job for less, and the type of person that only wants the lowest price are the kind of customer that no business wants or needs.
There is, of course, a potential danger in not making at least some 'excess profit'. One of the few things I remember from attempts to teach me about Economics at school (they thought it was a good idea to try to teach science 6th formers about such things!) was that it's impossible to run a business on a 'break-even' basis - in practice, it will either make excess profit or a loss, and the moral there is that if one doesn't always try to generate some 'excess profit' one is likely to end up making a loss!and John, your G/grandfather had the right idea, Industry could learn a thing or two. But sadly it will never happen again "Greed and SELF" are the things to aspire to these days!
Maybe all sparks could work for minimum wage because loads of other people do! Oh but hang on they don't have to pay for the cost of a van, training and qualifications, buy a regs book, and buy some very expensive tools (i am looking to replace my tester that will st me back £1000), then theres scheme membership, lads wages, etc, etc need i continue?If some of you Electricians did not charge so much , you would prob get an awful lot more work. Smaller profit = greater turnover?
But mainly (c) - they are lazy, careless, imprecise little (*"&$^%#@s who don't care one little bit about precision, accuracy, correctness etc.yea 1.5mm, 2.5mm 4mm, 6mm, 10mm, 16mm, 75mm etc all refer to CSA of the cores, nobody ever bothers with the 2 after mm because it's a) lots of effort to change it to the little superscript 2, and b) everyone (generally) knows what you mean.
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