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Originally Posted by Apache
You have to make a profit to survive as a small business. Most people do not realize the bills that a company has to pay. Payroll, Payroll taxes (Match Social Security and Medicare that is deducted from employees paycheck, 100% of Federal Unemployment and State Unemployment) Sales Tax, Mortgage or rent on places of business, Utilities, Corporate Taxes, County Property Taxes, Business License, cost of merchandise, Repairs to buildings and equipment, Equipment, Operating Supplies, Insurance and any Business Loans. If at the end of the year you make a profit you get to pocket some of it. Although you need to leave some for expansion, emergencies or the need to replace expensive operating equipment.
Apache
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AMEN, brother. That's right--the average person has zero idea.
Quote:
Originally Posted by Apache
I own a small jewelry store. When I am sizing a ruing or repairing a piece of jewelry you are not just paying for the gold used. You are paying for labor and the 40 years of experience that allows me to restore your jewelry to new condition.
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And as you no doubt know, our time, as experts, is apparently worth nothing.
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Do not get many stated on how many bench jewelers are working on jewelry that should seek another line of employment since they obviously do not care if the repair is done correctly or not. I am lazy. I only want to do the job one time. So I make sure it is right the first time.
Apache
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I hear ya.
Hitch