So how do you calculate your hourly rate? That’s easy, it’s the salary you want to make, divided by 52 weeks a year, divided by 40 hours a week. Simple!
Right, right?! It’s a tad more complex than you might thing at first:
Next to showing one how to calculate the minimum rate, it also holds some golden advice:
If you go below your minimum rate, even for a friend or charity, you are hurting yourself and your business. There is no shame in passing on work, if you are putting yourself in financial trouble.