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Psychology Tuesday: Motivate Yourself

When not to Get Things Done

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posted at 13:14:08 By Flipping Heck!

Posted In Business

That's a difficult question to answer for the budding freelancer and I discuss it in my Managing Web Projects ebook but it is a bit complicated and a bit of a horrible formula to work out your hourly rate (and please excuse me it's been a while since I've done algebra and brackets confuse me ):


    
Where:

E = Earnings
T = Tax Rate
OU = Outgoings
PM = Profit Margin
H = Hours Worked A Day
D = Days Worked a week
DO - Days off per year

Er..... Right. I'm confused now as well!

I've given an example of this formula at work when I wrote about Managing Web Projects #4 - The Quote but even so, it's a bit of a handfull isn't it?!

Because none of us want to go through the terror of trying to work that little lot out (especially as I'm bound to have put a bracket in the wrong place somewhere I present The Hourly Rate Calculator.




Simply fill in your desired earnings, outgoings and a couple of other bits and voila! There's what you should charge per hour.

You can all thank me later

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