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Hiring for a new service business

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Bronze Contributor
Speedway Pass
Oct 16, 2018
North Carolina
Planning on moving forward with the home maintenance idea, but curious about some of the early steps.

When starting a service business, do you do the work yourself for a while or try and hire someone relatively early? The only reason I would consider outsourcing this early on is because I also have a day job.

How do you determine how much to charge? I've found several companies that do the same thing I am proposing, but none locally. They all also are "call for quote" businesses, because there is no way you can simply quote this without a house visit.

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Legendary Contributor
Staff member
Read Millionaire Fastlane
Summit Attendee
Speedway Pass
Oct 22, 2010
Woodstock, GA
Read the Emyth Revisited by Gerber. That should help.

Some thoughts:
- how do you know people want your service?
- have you tried an mvp? how did it go? did it meet the costs details you had worked out?
- have you done the math on sales - cost of good sold = gross margin - general / admin expenses = net profit? where does your business stand? how much do you need to charge at what volume to be a strong cashflowing profitable business?

Sounds like you are money chasing and ill prepared. Run some numbers, do an mvp, and evaluate.

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