However you can try and negotiate a discount on fuel and other consumables, do a lot of the maintenance yourself (if so equipped), take a pay cut (even things like making your own lunch instead of buying it everyday, that alone could save a dollar an hour in cost). There are ways of cutting costs but running a machine you are limited because it is still going to burn the same amount of fuel and wear just as much. You might find that you make a loss at 100/hr and there is no point in wearing out the machine to make someone else's profit. That's my advice, at least you know your breaking even point and go from there. Right now that profit margin is going to be low and when the economy is booming your profit margin is going to be higher to make up for the lean years. However you can't operate a business without making a profit, sure there are going to be tough times but that is the same in just about every industry but working a machine at a loss is no good either because it is not sustainable in the long term.īasically you need to work out how much the business cost to run and then add a profit margin, this margin will vary depending on how the industry is going.
This seems to be a bit of a topic at the moment, probably due the financial crisis.
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