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One common mistake of new business owners is to underprice the jobs in order to get their first clients. This will not only hurt your competition, but it will come back to haunt you.
It is likely that in your pressure washing business you will rely on repeat business for a large percentage of your revenue. Once you have underpriced a job for a client, they will expect the same pricing level for all future jobs. This will reduce your profit margins and extend the period of time to break even.
In the long term, if you don't price your jobs correctly you will not be able to sustain your maintenance and equipment replacement costs, and the quality of your services will suffer, as well as your reputation.