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Do I have the right Idea?

Discussion in 'Introduce Yourself to the Community' started by Prodigious7, Oct 28, 2010.

  1. Prodigious7

    Prodigious7 Junior Member
    Messages: 1

    Ok, So, I have been reading some of the things that have been posted about what I "should" do before I get started with my new business. So.. I have no previous plowing experience and I am in the process of getting business liability coverage.

    With that said, I had some money saved up and paid 3000 dollars for a snow plow set up as well as his clients. I went and did a bid for a guy who owns 9 buildings for business offices. I calculated out just over 58k sq ft of area that needed to be plowed or shoveled. My going rate for snow is $55/hour and for laying of salt is 25/hour. On top of the salt I charge the company my .01 cents/ sq yrd. more then my cost. my bid for everything plowed and salted was $295.95. That was with .02 cents per sq yrd. I did that isntead of my normal .04 to stay closer to the quote in which the person I bought my stuff from had to help ensure that I would get his business. The person before me had quoted $225-255 every time he plowed. He ended up only wanting the major entry ways and shaded sides of the buildings done so my end quote was 197.50. Do I have the right Idea here? Am I low balling? This is an early starting business so I thought I would try for restaurants and banks for more business to give me more time to plow since I only have one vehicle.