3 ms·
What is the "true rate"? You could say it's whatever you need to charge to keep the lights on and rent paid based on however many hours a week you expect to be
by burnished 5y ago
What is the "true rate"? You could say it's whatever you need to charge to keep the lights on and rent paid based on however many hours a week you expect to be performing maintenance. You could say it's what people feel is fair for skilled labor. You could say it's what people historically pay for the service. But we are talking about bike shops going from selling things and selling services to just selling services, so it's really what you need to charge per hour to keep the lights on.
So if the "true" rate ends up being more than the market will bear, and you dont have alternate income, you close down.
So it isn't really a situation where one thing had an artificially inflated price and the other an artificially deflated price, more like the way bike shops as we know them work is to have diverse income streams, and removing an important one means that the business model as we understand it ceases to function.