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Keep in mind that it only takes one big fixed price job to sink your reputation or to totally eat up the profits of many otherwise successful jobs. It took me a
by japhyr 12y ago
Keep in mind that it only takes one big fixed price job to sink your reputation or to totally eat up the profits of many otherwise successful jobs. It took me a really long time to get good at this.
Do you mean sink your reputation because you underbid and then can't afford to finish the project, or something to that effect?
- jacquesm 12y agoDepending on how bad you get it wrong it might actually get to that. If you're lucky you will lower your margins, if your less lucky than that you'll eat into your savings, if you're very unlucky then you might have to tell your customer there is no way to deliver at the agreed upon price. And that can get very ugly, especially if you cause bad things to happen to your customer.