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[Scott Olewiler]

OK. Thanks for riding it out with me.  I think I now understand what you and Riley are saying.   I'll go back to the lounge now and work on my own pricing again.

[Scott Holtzman]

I also had a flaw in my logic and will revisit my numbers tonight.  With a 30% residual value my overall internal rate of return is around 11%.  Still not too shabby

Sent from my SM-N910V using Tapatalk

[Mac Kerr]

I also had a flaw in my logic and will revisit my numbers tonight.  With a 30% residual value my overall internal rate of return is around 11%.  Still not too shabby

Is that 11% before or after you take out a reasonable wage for your time? Does your time taken out include prep and maintenance, time making sales, and any other time you spend supporting your business?

Mac

[Mark Cadwallader]

The hosts of public radio's automotive call-in show, Car Talk, used to joke about the "The Car Talk Capital Depreciation Fund", where they promised folks a 50% return of investment.... 

[Keith Broughton]

Having just read this thread, I am convinced I made the right choice to not have a sound company but rather rent (prostitute?)  myself out as labour only.
Worked for me for some 35 years

[Mark Cadwallader]

I also had a flaw in my logic and will revisit my numbers tonight.  With a 30% residual value my overall internal rate of return is around 11%.  Still not too shabby

Sent from my SM-N910V using Tapatalk

Scott, I don't mean to be busting your chops here; I hope you don't take my questions as a personal attack. $400 a night rental for $20K investment is a 2% rental rate, which is within what I hear the range is for rental rates. (Perhaps the low end, but everybody's business model is a little different. If $400 is for less than $20K worth of gear, the effective rate is a bit higher than 2%.). I look forward to contining our discussion after you take another look at your operations.

[Scott Holtzman]

Well I am working hard at losing more money tonight so after the gig I will post.  Not sure I want to answer Mac's question that may take the fun out of it.  This goes back to the question I asked months ago are guys like me that have other means of financial support screwing up the market for those trying to feed a family doing this?  The one thing that keeps the morals from bothering me is I am one of the more expensive lounge dwellers.  There are 20 guys ready to step in and do it for less than I do.

Sent from my SM-N910V using Tapatalk

[Ray Aberle]

Well, if you are charging a fair price (for both gear and labor) then I wouldn't think you are taking work away from anyone. If the "guys who are trying to feed a family" aren't charging a fair price, that's their problem, not yours.

Never feel bad about charging a fair rate for a honest day's work.

BUT, if you're working for dirt cheap, "just because you can," then that would be an issue I would have.

[brian maddox]

Having just read this thread, I am convinced I made the right choice to not have a sound company but rather rent (prostitute?)  myself out as labour only.
Worked for me for some 35 years

Yup.  😀

Still working out for me as well...

[Justice C. Bigler]

Yup.  😀

Still working out for me as well...

Not a day goes by that I don't wish that I had chosen some other line of work. I enjoy only a small fraction (probably less than 5%) of the actual work and pretty much hate the job. But, now I'm stuck with no other marketable skills and no way out; slaving away for peanuts working for a bureaucratic machine that only chews people up and never even spits them out.

[ProSoundWeb Community]