Quote:
Originally Posted by blykins
Also can't just raise my prices to cover things that "might" happen. I would price myself out of every engine build if I had to do that.
|
Well, I don't know enough about the engine building business to know how far you can successfully "hedge your risk." You know a certain percentage of a certain type of build will incur problems. If you hedged all of those builds, with a surcharge, that charge, combined, could cover the costs of fixing the occasional crapper. That's how you do it in most markets. But from a business perspective, you don't turn down business. Instead, adopt this mantra:
If you throw enough money at me, I will do it. I might not succeed, but I will do it.
EDIT: and more often than not, you will succeed.