I would say get a foundation set straight away. Work out what your overheads are going to be and make sure you’re charging the right hourly rate or day rate and making the right profit that you should be making.
Because of the trouble I got into initially, make sure you don’t get too emotional with pricing.
Otherwise you’ll quickly fall into the trap of looking at your expenses, labour and material and shaving off costs because you’re worried about losing a job.
Now I don’t do anything too cheap, otherwise you’re teaching all of your potential clients that you’re cheap, and this is important because they’ll tell their friends.
It’s just a vicious cycle. But once you know your labour, materials and expenses for a job, then if a customer comes out and says you’re expensive, you can say, well this is the breakdown, this is how much this previous job costs, and you’ve got the back up you need.
And use a system like NextMinute which is simple, and the timesheets and back costing reporting is great. Being able to forecast what sort of profit I am going to make on each job is important for growing and expanding my building business. And that’s what NextMinute does brilliantly.