ST Alpha - "That would be $200/HR CDN. That can't be right. -- nm" (Reading a Post)

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In response to "My rule of thumb for clients -- as a starting point -- was take the annual salary you want, divide by a thousand, and double it." by ReluctantCynic

That would be $200/HR CDN. That can't be right. -- nm

Posted by Beryllium (aka grayman) Nov 23 '16, 19:50

(No message)

Responses:

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

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