After putting in over 200 hours in April, just did some end of the month book keeping and found out my net, after tax and expenses hourly wage is just at $30. This is defeating. I have one employee full time and we did $14k in April. Payroll was $3100 for the month. Expenses are about $1600/mo for overhead including - Marketing, Gas, Job Supplies, Software/Office, Meals & Entertainment, etc.
Anyone else in this boat? I try to bill out jobs between $75-$100/hr. I’m thinking damn that’s good money but after all the bills are paid, taxes and payroll - I’m left with what seems like a chicken and duck.
Anyone else feel defeated after a month like this? April-June should be my most “profitable” months.
What am I doing wrong? Any advice/suggestions?