Mark-up (was Steinway parts)

[David Andersen]

On Feb 13, 2008, at 5:39 AM, Dean May wrote:

> Failing to set a markup only means you are losing money (or failing  
> to value yourself), unless you pad your standard labor rates. It’s  
> simple economics.

I charge for every single minute we work on the pianos and more; I  
put in a big "pad," which is NEVER a pad, for the inevitable extra  
work and Murphy's Law stuff that happens....every time. And it works  
out to much more than adding a 40% markup to parts.

David Andersen
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