price for profit
Bucket Four: Energy This Bucket looks at the total Energy used in your shop to produce the work. Gather up all of your utility bills. The Energy Bucket uses these areas for each month, for each year:
• Electric • Natural Gas
• Water • Sewer • Propane
Just like with your Labor or Consumable Buckets , simply record the total costs for the month for that bill. If the electric bill is for February, but arrives in March, record the total cost for February. Also note that sometimes the invoice from your supplier may carry over to the first week of the following month, so the bill won’t add up cleanly by month. That’s OK. Use the total for whichever month is the majority for the bill. We are dealing with averages, so the math will all work out in the end. Bucket Five: Profit This is an extra Bucket that can help you realize some profit at the end of the year. Is it absolutely critical for you to use this Bucket? The answer is no. The most important part of this strategy is using the other four Buckets to calculate the Cost per Impression . However, just like if you personally put a small amount of money into a savings account or a 401(k), adding an amount to the Bucket strategy can allocate money towards profit for your shop as it is included in the costing platform. Here’s how it works. Looking back on your totals, what is the average number of impressions your shop has produced over the year? For example, let’s say the number is 376,433.
At the end of the year, what would a realistic profit goal for your shop be? And by realistic, don’t get too carried away. Choose
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