ST Alpha - "Spam: the customer is a business, I'm trying to winnow down an hourly rate based on my income needs -- nm" (Reading a Post)

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Spam: the customer is a business, I'm trying to winnow down an hourly rate based on my income needs -- nm

Posted by Beryllium (aka grayman) Nov 23 '16, 19:22

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Responses:

Running a business that employs yourself is different than just employment - zeit spiced geist Nov 23, 19:44
The invoice you send will have (rate) * (hours) = you + GST - iSpam Nov 23, 19:39
My rule of thumb for clients -- as a starting point -- was take the annual salary you want, divide by a thousand, and double it. - ReluctantCynic Nov 23, 19:37 24
- That would be $200/HR CDN. That can't be right. -- nm - Beryllium Nov 23, 19:50 15
  - Yeah $200/h it probably about right. Although you could go with a daily rate. - Karl_S Nov 23, 22:31
  - When your plumber came out, what was their labor rate? -- nm - z Nov 23, 22:14
  - No wonder that looks high ... that would be 400K/yr - Beryllium Nov 23, 20:45 1
    - Now, granted, if there's downtime, marketing time, any non-billable time, that number comes down in a hurry ... -- nm - Beryllium Nov 23, 20:46
  - It's a rule of thumb. :-) Alter as you wish, but make sure you list everything you're going to have to buy when you're self employed. - ReluctantCynic Nov 23, 20:03 7
    - Also, as a little trick, keep your "billable hour rate" high to offer discounts for large projects. - ReluctantCynic Nov 23, 20:11 6
      - I really do appreciate your advice, btw, I just fear that you're correct. -- nm - Beryllium Nov 23, 20:23
      - Starting out, this will be a full time engagement with a single company. -- nm - Beryllium Nov 23, 20:16 4
        
        which you could probably do a reasonable amount cheaper. economies of scale! or something. - mafic Nov 23, 20:29 2
        
        This is what I'm working through right now. Haven't reached out to an accountant yet, though. - Beryllium Nov 23, 20:32 1
        
        Definitely talk to an accountant. Also, if you're working full-time as a contractor for one client ... - ReluctantCynic Nov 23, 20:52
        
        I don't want to pitch a number that leaves me jobless. Because change is coming. -- nm - Beryllium Nov 23, 20:21
  - contractors get paid more, yo (but I have no idea if that's industry-reasonable). -- nm - mafic Nov 23, 19:56 1
    - I have no idea, unfortunately -- nm - Beryllium Nov 23, 19:58
  - I mean, once they incorporate a Canadian entity it would switch to a normal full time position ... -- nm - Beryllium Nov 23, 19:51
- Alternately, divide by 500. -- nm - David Nov 23, 19:48 3
  - If you're into that. - ReluctantCynic Nov 23, 19:49
  - Maths! -- nm - Beryllium Nov 23, 19:49 1
    - yeah...f it...I'm out. -- nm - Epiphany Nov 23, 19:53
- (health insurance won't be an issue) -- nm - Reagen Nov 23, 19:40 3
  - I kept it in just in case Canada has some weird provision about health insurance I don't know about. Or for extra coverage. -- nm - ReluctantCynic Nov 23, 19:48 1
    - Extra coverage + dental, yes -- nm - Beryllium Nov 23, 19:56
  - Yes, it will, just not as big of an issue. -- nm - Beryllium Nov 23, 19:46
get a feel for the market as well. like if you can cover income needs great, but don't undersell yourself. -- nm - mafic Nov 23, 19:30
Trying to catalogue and analyze all the factors so that there is minimal surprise/fuckage. - Beryllium Nov 23, 19:26
one hunnerd dollahs!! -- nm - philip k mud Nov 23, 19:24

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