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Used to bid jobs based on gut feeling alone, now I run actual numbers for every quote

Back in 2022 I quoted a whole deck rebuild by just looking at the photos and guessing 15 hours. Lost $200 in materials because I forgot to account for the weird angle cuts that took twice as long. Has anyone else had a similar wake-up call with how they price their work?
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4 Comments
anna717
anna7177d agoOG Member
Oh man, this hits so close to home! I had almost the exact same experience with a bathroom tile job I quoted last summer. I figured I could knock it out in two days based on the photos and my "experience" but those tiny hexagon tiles took forever to cut and line up. Ended up losing like $300 on materials because I had to reorder more tile after messing up so many cuts. It's crazy how one bad guess can wipe out your whole profit margin (and then some). I still catch myself slipping back into the old habit sometimes when I'm feeling confident, but I've learned that math never lies the way gut feelings do.
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kai_ramirez38
Right, because who needs profit margins when you've got that gut feeling, right?
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logan271
logan27110d ago
Gut feeling is how you find the edge that numbers miss. Profit margins are important but they don't capture momentum or brand loyalty. Sometimes the market is irrational and you gotta ride that wave. Idk, maybe it's just me but I've seen too many people overthink their way out of a good thing.
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black.oliver
Wait, you're seriously saying gut feeling beats looking at profit margins?
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