Froth, Downward Wages, and the Importance of Repeat Business
January 20, 2012
When I started in the asphalt business, the people I was competing against were charging exorbitant rates for their work. As an example, they might charge $600 to seal coat an average-size driveway. The job would require about two hours’ worth of work and $50 or so in materials. As a young asphalt seal coater, I too decided that I was entitled to make this much money from my work, and I initially went into business with this attitude. One of the first asphalt jobs I did was at a house next to my grandmother’s home. I [Read more]
