While working on another project I began to think about a comment a friend made about changing my fee structure to get more work.
I made up three spreadsheets (NONE ARE MY EXPENSES OR MY FEES) however I think they are somewhat representative of what most would consider “reasonable” fees and expenses.
I then “highlighted” in yellow how many inspections a person would have to do more or less when fees or expenses were raised and or lowered.
There are three work sheets to the file I created. Titled Hours Worked, Expenses and Profit Impact.
I found it quite interesting and thought others would too.
There are a few versions of the program posted to my web site. The first is a NON customizable PDF version click http://AccurateInspections.com/Time-Expences-HowPriceImpactsProfit.pdf
The other version is by a far a better file. Since you will not have the same ideas as I do as to how much things cost you can use the FREE and totally customizable Excel version click http://accurateinspections.com/Time-Expences-HowPriceImpactsProfit.xls
In real time you can see what happens when you change expenses, change inspection volume and the impact of pricing on profit using this estimator in Excel . You may fall in love with the Excel version. You will see how all of your own numbers change the total and how different factors change your ability to earn a living.
Once again (NONE ARE MY EXPENSES OR MY FEES) everyone can put in what they think is reasonable for the area they live in and see if you can find any errors in the programing that should be corrected.
The sheet shows (as a concept) one can do 200 inspections for $613 (home and radon) working 41.7 hours a week and earning $50,015 or $23.06 an hour. OR one can do 400 inspections for $389 working 67.8 hours a week and earn a little more $50,089 or $15.07 an hour.
I find it interesting that lowering or raising fees (I am NOT advocating either) or per inspection expenses by just a few dollars can make quite a difference at the end of the year.
This post is not an opinion it is showing a series of calculations for the end user to use in anyway they wish to do so.