The Official List Of Contractors’ Overhead Costs

"Overhead"

“Overhead..”

Photo: beloblog.com

Here’s my official list of what it takes to be a contractor and stay viable in business.  Over 90% of small businesses fail within the first 5 years. Make sure you account for every part of your overhead.  Some of you will have more entries than others..

1. Rent/ Mortgage
2. Electrical/ Gas Utilities
3. Water
4. Cellphone
5. Office Phone
6. Property Tax
7. Cable/ Internet Service
8. Vehicle Payment
9. Vehicle Maintenance
10. Vehicle Fuel
11. Advertisement Budget
12. Tool Maintenance
13. Customer Warranty Maintenance
14. Health Insurance
15. Retirement Savings
16. Food/ Groceries
17. Business Growth Savings
18. Uniforms/ Clothing
19. Tool Allotment Cost
20. Tool Rental Costs
21. Office Supplies
22. Business Cards
23. Continuing Education Costs
24. Property Insurance
25. Dental Care Insurance
26. Business Taxes
27. Your Kid’s Stuff (whaddever they want!)
28. Vacation Trip
29. Mistress
30. Strip Club Money
31. Drinking Habit
32. Smoking Habit
33. Gambling Habit
34. Offering At Church
35. Tithes At Church
36. Lawncare
37. Snow Removal
38. Home Maintenance
39. Engagement Ring
40. Wedding Ring
41. Parent’s Retirement Home
42. Big Screen TV

Did I miss something? Please let me know!  I’ll update!

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