Put another way... your plumber, electrician and tile man are making a lower hourly rate than a $325 c/l/a and they are driving Jaguars. And they've got a hell of a lot more overhead than a camera repairman...
Eric Goldstein
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On 7/17/06, Richard Knoppow <dickburk@xxxxxxxxxxxxx> wrote:
Its difficult to calculate the cost of doing business. He has to pay rent, or if he owns the property he has property taxes and other expenses associated with it, insurance of various sorts, utilities, including phone, etc. Also business licenses, taxes other than those on the property, and lots of other stuff. There is also the cost of maintaining a stock of parts, tools, etc. Lots of stuff I have forgotten. This can knock the gross down a lot before it becomes net. The salary a single proprietor must pay himself depends on the cost of living in the location. This varies a lot around the country, mainly in property values, food, clothing, etc, are about the same. I doubt if any of these folks are getting rich.
--- Richard Knoppow Los Angeles, CA, USA dickburk@xxxxxxxxxxxxx
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