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I seems like 350.00 is the most I can get out of my one man shop a day. If sign sells for 750.or 800.00 it takes me two days to get it out. Am I just working too slow or is this normal. What is your output? Gene
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Thats about $91,000 a year for 52 five day weeks, or $109,000 for 52 six days weeks. Either way that is pretty good in my book.
I've been consistently between those numbers for four years. A little lower my first 2 years & a little higher this year. I get help from my wife about 3-4 days a month & I'm sure I average over 40 hours a week. (although a healthy chunk of that is spent here ) I also sub out a few thousand in screenprinting & will also bring in a lot on ADA signs I didn't make.
I guess what is more important is your overhead & your profit margin.
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well i'm a one chick shop and i only gross about 70k. not that i'm complaining coz i'm not, but i think alot has to do with your overhead and family. i work out of my home and am married ..i have a decent size attached 2 car garage.(which we no longer can park in) i use my studio on the second floor for the computers, vinyl application, art stuff etc...i have 3-4x8 tables and 1- 30" x 7' table that i use for production...and below in the garage part is the router, panel saw, tools and painting etc. there is no way i could be in this business if i had to rent a shop somewhere for 1000/mo. obviously it behooves me to pay myself that grand as my "business use of home" deduction. and of course my business pays for my truck and all my toys, i mean tools...as i see it...life don't get much better than that. unless of course you want to be really rich...then weeelll..can't say i know any "wealthy" sign folks in this neck of the woods...that means getting a real job that you probably won't like...selling yer soul for the big $$. i'd rather be happy....i also look at it this way...even if i got a job making $70k(not likely in east bum bum nh)...what i would pay to uncle sam is probably my cost of goods sold...so then take my adj gross income and deduct stuff like a good chunk of a mortage, vehicle(both things i would likely have regardless of being self employeed)tools(hey i'd be buying those anyway but with a business i can at least take it as a deduction.) cash(some folks keep) did i say that out loud?....and by the time you have to carry that figure to line 12 on your 1040 you can get it pretty low if ya try hard....and have some decent perks. i'm the family write off...and damn proud of it! soooo...i don't know your situation but i think that $350 is pretty darn good for a one person shop....going over 100k would be great!(and is my 2003 goal)
-------------------- Karyn Bush Simply Not Ordinary, LLC Bartlett, NH 603-383-9955 www.snosigns.com info@snosigns.com Posts: 3516 | From: Bartlett, NH USA | Registered: Jan 2001
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As I steal another day away from my shop to do home improvements, I relish the thought that someday I may build the customer base to a point where I can have a home based shop. Maybe a production area will come first, while still having a scaled down office in town, so I can have limited hours for easy in-town access by my clients.
Either way, I sometimes envy those who have achieved a sucessful & stable business with the overhead & travel time of maintaining a seperate shop.
I lived in my shop for years & was spoiled when personal projects came up on the weekend, all my tools were right there. Every weekend there is something I need at home that is at the shop. If I am too hasty in responding to that problem, then, inevitably the reverse will be true before long.