Results 1 to 7 of 7

Time management

| General - Let's talk business
  1. #1
    easyrecycle started this thread.
    SMF Badges of Honor


    Member since
    May 2011
    Location
    Dallas TX
    Posts
    1,979
    Thanks
    158
    Thanked 1,182 Times in 518 Posts

    Time management

    I don't think this has ever been a topic here and I just replied to someone about something long this line.

    In short having good time management is good to make sure you stay on profit and that you make the money you need to on a day to day deal.

    In short. How much time are you worth? Take that number and / it by 60 minutes and then times that by how long it takes you to do blank. Now when you times that is it worth your time or not? Here is what I am talking about.

    A computer (something I know very well)

    A computer can make around $5 dollars profit EASY even when you BUY them like I do.

    So is it worth braking apart or selling whole? Well how long does it take me? I am a pro when it comes to braking one apart so about 5mins to do that.

    So I will take what I am worth (per my last job when I worked for the "man" ) at $28 an hour. So 28 / 60 = 0.46 so 0.46 x 5 = $2.3 to brake the computer apart each. At 5mins per computer is 12computers an hour. So total cost in brake down is $28 So what is your profit...take the $5 and - your hour rate per computer of 2.3 and your left $2.7 total over 12 computers = $32.4 net profit for the company. That 32.4 will cover the cost of fuel, over head and so on.



    Hope this is simple to understand. I never went to school for this so this is just something I learned on my own so it may not be dead on. But it works for me and I have learned what is worth my time and what is NOT worth my time.
    My company name was Easy Recycle but has since been closed
    My Name Stephan Harz
    My YouTube page

  2. The Following User Says Thank You to easyrecycle for This Post:



  3. #2
    hobo finds's Avatar
    SMF Badges of Honor


    Member since
    Nov 2010
    Location
    tucson, az
    Posts
    4,758
    Thanks
    6,037
    Thanked 5,910 Times in 2,556 Posts

  4. #3
    easyrecycle started this thread.
    SMF Badges of Honor


    Member since
    May 2011
    Location
    Dallas TX
    Posts
    1,979
    Thanks
    158
    Thanked 1,182 Times in 518 Posts
    Quote Originally Posted by hobo finds View Post
    You love Pink Floyd. lol

  5. #4
    SMF Badges of Honor



    Member since
    Jan 2011
    Posts
    1,159
    Thanks
    0
    Thanked 248 Times in 169 Posts
    I like to stay at $15 a hour and up

  6. #5
    SMF Badges of Honor


    Member since
    Nov 2011
    Location
    Florence,Co
    Posts
    240
    Thanks
    93
    Thanked 161 Times in 86 Posts
    It is nice to maximize profit over time invested and I do that 80% of the time, then I tackle low percentage stuff when I have scraps of time..30 minutes here and there. This gives me a chance to learn new strategies and of course it upgrades/ads to the load. It all ads up.

  7. #6
    eesakiwi's Avatar
    SMF Badges of Honor



    Member since
    Dec 2010
    Location
    NZ
    Posts
    2,531
    Thanks
    2,909
    Thanked 2,556 Times in 1,227 Posts
    I worked out once that I get $5 a hour for all of the time I spend 'on the job'.
    That doesn't include sleeping.... but includes hours & hours of walking.

  8. #7
    parrothead's Avatar
    SMF Badges of Honor


    Member since
    Jan 2011
    Location
    Treasure Coast, FL
    Posts
    2,416
    Thanks
    667
    Thanked 2,067 Times in 953 Posts
    This is realative as well. There is no way that I can ever gain the horly rate I once had again. Would be nice, but not going to happen.

    I currently make a lousy $10 an hour, but love the job and have time for other endeavors. When making these calculations I shoot for $20 an hour, but if I am having fun and making $10 an hour then I won't complain.

    Computers are the nice ones for me though. I had 11 dell the other day and was completely done with them in 30 minutes. Those things come apart just by looking at them.


  9. Similar threads on the Scrap Metal Forum

    1. Maryland | Help Wanted - Part time Yard Help Needed in Northwest MD...Full Time if you prove your keep
      By MisScrap in forum Scrappers Classifieds
      Replies: 4
      Last Post: 10-25-2016, 05:14 PM
    2. Anger Management
      By scrappy888 in forum Off Topic Discussions
      Replies: 2
      Last Post: 09-09-2012, 04:47 PM
    3. Nevada - Sims Metal Management
      By Andrew in forum Scrap Yards and Recycling Centers Directory
      Replies: 11
      Last Post: 05-10-2012, 07:24 AM
    4. Lurker for a while, part time/pass time scrapper
      By 12oclock in forum Introduce yourself
      Replies: 9
      Last Post: 01-18-2012, 10:07 PM
    5. inventory management
      By Ewasted in forum General - Let's talk business
      Replies: 3
      Last Post: 08-08-2011, 11:23 PM

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

 
Browse the Most Recent Threads
On SMF In THIS CATEGORY.





OR

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

The Scrap Metal Forum

    The Scrap Metal Forum is the #1 scrap metal recycling community in the world. Here we talk about the scrap metal business, making money, where we connect with other scrappers, scrap yards and more.

SMF on Facebook and Twitter

Twitter Facebook