£26.66 per hour might sound a great income if you are an employee, but it sucks if you are self employed.
Your wages and your business turnover are two very different things.
If at the end of your financial year and after completing your accounts the income you draw off your business turnover is £55,452.80 per year then WOW! fantastic income.
for a 3 bed house the price does sound excessive, but also the time taken too.
For instance; WFP outside = 20 minutes absolute max for one person.
Inside trad = 40 min max for one person, depends of course on how awkward the insides are, ie, furnishings, carpets, window sills full of ornaments and whatnot.
But if you are earning £60.00 an hour doing little terraced properties, what on earth is the point of taking on a house that will actually cause your income to drop?!
Pricing per hour on individual properties is not a good way of going about it, for one thing, as you get faster at a job you end out doing more work in that hour, ergo if you start out that way from the beginning your relative income for work done will keep dropping as your speed increases!!
You are not being paid for how long a job takes you, if I did that I have some shop fronts that I'd only have to charge 50p for!
Some window cleaners will be 2 or 3 times faster (or slower!) that other window cleaners, does this mean that its perfectly ok for the slow window cleaner to charge 3 times more than the fast one??
And if you are a London window cleaner your rate will also need to be higher due to the higher cost of living there.
Window cleaning is a manual job, just about any grunt can do it, but it is also a business and a great many just do not have a clue as to how to run a business, they look at one job (for instance) where they earn £30 for an hours work and then convince themselves they are on a rate close to 60k a year.
When they see someone claiming to have work earning them £60.00 (or more) an hour they shout out that they are rip off merchants...though that £60 per hour will not mean they are earning £60 an hour 40 hours a week, 52 weeks of the year.
Far from it, I have plenty of work at those kind of apparent rates, but my ACTUAL income from my business is a fraction of that.
Ian
Well written Ian. I have a couple of jobs which, if the rates were matched on the rest of my work, would net me a turnover of £150k. The reality is vastly different of course. By the time I've paid my taxes/NI, business overheads, and had a little time off for a break or for illness, general down time, I doubt I take much more than £20k. By the time capital allowances are taken into account, it may not even be £20k. Mind you, I doubt there will be any big outlays now until the next van change (unless something big goes wrong with it).
Don't get me wrong. It's not a bad income for a job with relative flexi time but it could be so much better.