Bob owns a small company called Bob’s Home repairs. He does the small home repair jobs that the large companies pass by. Need some wood work or wood furniture fixed? Call Bob.
Here is how the business works:
Someone calls Bob and asks him to bid on a job. He drives over, looks at the situation, and gives them a bid. Sometimes it is an official looking bid by mail, and sometimes it is scribbled on notebook paper. He decides how long it will take to do the job (he bills by the hour), how much wood will be needed, any odds and ends that are unique to the job, and an overall price. He moves from job to job and bills customers as he finishes the work.