how do i work out what price to charge
 

i am a nail technician, and would like help with working out what i spend
every month( on supplies e.g nails, nail polish , nail polish remover, fuel(
car) , etc etc ), then be able to have a total figure at the end where i
charge for a certain job, i.e french nails $30... by being able to work out
how much im spending a month, compared to how much im earning... i'll soon
realise whether or not im under charging myself

look forward to your response

kind regards

Good questions. You could start with a simple table, say with 5
columns: Date, Category, Description, Expense, Revenue. Each entry
will have a date, category, and description, and an amount in either
the Expense or Revenue column.

Date Category Description Expense Revenue
3/1/05 Indirect Polish Remover 2.50
....
3/3/05 Direct Nails 4.50
3/3/05 French Nails New customer 20 mi. drive 30.00
...
3/5/05 Indirect Gas 24.45
....
3/10/05 Overhead Business cards 40.00

Now, whenever you want, total up the Expense column and the Revenue
column and you'll know how you are doing.

What you can charge for a service depends less on your expenses and
more on the competition.

You can use the Category column to further refine your analysis.

I would keep it as simple as possible. As you become more familiar
with the analysis and if you perceive a need for it, add more bells and
whistles.

--
Regards,

Tushar Mehta
www.tushar-mehta.com
Excel, PowerPoint, and VBA add-ins, tutorials
Custom MS Office productivity solutions

In article ,
says...
i am a nail technician, and would like help with working out what i spend
every month( on supplies e.g nails, nail polish , nail polish remover, fuel(
car) , etc etc ), then be able to have a total figure at the end where i
charge for a certain job, i.e french nails $30... by being able to work out
how much im spending a month, compared to how much im earning... i'll soon
realise whether or not im under charging myself

look forward to your response

kind regards