4 ms·

>Fighting this issue for the last two years has been frustrating and has cost me well over $100k in my time and my employees time. I am missing how/for what th

by jaclaz 10y ago

>Fighting this issue for the last two years has been frustrating and has cost me well over $100k in my time and my employees time. I am missing how/for what the 100,000 US$ were spent? Lost time due to having to go to a Court several times + time for preparation? >Each time I was scheduled to appear in court, I spent a couple of hours the day before refreshing my memory on the case and the facts so that I could present our side. I would miss most of the day of work. If he lost 2 days of time each time for 5 times, that is maybe 2x5x10=100 hours. US$ 1,000/hour sounds to me like a bit excessive as a cost.

joelx 10y ago
You are correct, it is my best guesstimate on the opportunity cost of all the time I spent fighting this. Court time: 7-8 days Preparing 3 ring binder with ~150 pages of evidence all laid out with tabs (Exhibit A, B, C...): 5-6 days Lost work from stress & sleepless nights: 5-10 days? My hourly rate is hard to judge - I have 80 full time employees so I don't bill directly for my work any longer. If a client were to insist on me doing work directly for them, I would probably require $700 / hr to do so. I don't think this is unreasonable as I talked to a lot of doctors and attorneys routinely charging $600 to $1200 / hr. I think I have a similar level of expertise at this point. My cost estimate is probably on the high side :)
- jaclaz 10y ago
  >My cost estimate is probably on the high side :) Well, at least here, you cannot confuse "missed income" with "costs". If you are payed (or can be payed) 700 US$/hour, you should be in a range of around 1,400,000 US$/year of revenue. On this you pay taxes and you have (or should have) some costs, even if minimal. I wouldn't be surprised if, once you have detracted those, you remain with US$ 350/hour (half of the revenue). Then what you can spend (and that you can consider as cost) is US$ 350/hour. And you cannot really consider the "stress and sleepless nights" as "cost", come on, this is what may eventually be "moral damages", and 5/6 days to make a binder with 150 pages? If we take the 350 US$/hour as cost, you have managed in 6 x 10 = 60 hours 150 pages, let's double them to 300 including the ones you discarded, that is 5 pages per hour or less than 1 page every 10 minutes or US$ 70 each for just reading and printing or photocopying a sheet of paper and putting in t in a binder, I understand the tabs, Exhibit A, etc. still ... Realistically it cannot take more than 20 hours at the very most to assemble such a binder. 8 days at court, 10 hours each, 80 hours + 20 hours, still 100 hours at the most, and these should be multiplied by 350 , not 700.

by jaclaz 10y ago

joelx 10y ago

You are correct, it is my best guesstimate on the opportunity cost of all the time I spent fighting this. Court time: 7-8 days Preparing 3 ring binder with ~150 pages of evidence all laid out with tabs (Exhibit A, B, C...): 5-6 days Lost work from stress & sleepless nights: 5-10 days? My hourly rate is hard to judge - I have 80 full time employees so I don't bill directly for my work any longer. If a client were to insist on me doing work directly for them, I would probably require $700 / hr to do so. I don't think this is unreasonable as I talked to a lot of doctors and attorneys routinely charging $600 to $1200 / hr. I think I have a similar level of expertise at this point. My cost estimate is probably on the high side :)

jaclaz 10y ago
>My cost estimate is probably on the high side :) Well, at least here, you cannot confuse "missed income" with "costs". If you are payed (or can be payed) 700 US$/hour, you should be in a range of around 1,400,000 US$/year of revenue. On this you pay taxes and you have (or should have) some costs, even if minimal. I wouldn't be surprised if, once you have detracted those, you remain with US$ 350/hour (half of the revenue). Then what you can spend (and that you can consider as cost) is US$ 350/hour. And you cannot really consider the "stress and sleepless nights" as "cost", come on, this is what may eventually be "moral damages", and 5/6 days to make a binder with 150 pages? If we take the 350 US$/hour as cost, you have managed in 6 x 10 = 60 hours 150 pages, let's double them to 300 including the ones you discarded, that is 5 pages per hour or less than 1 page every 10 minutes or US$ 70 each for just reading and printing or photocopying a sheet of paper and putting in t in a binder, I understand the tabs, Exhibit A, etc. still ... Realistically it cannot take more than 20 hours at the very most to assemble such a binder. 8 days at court, 10 hours each, 80 hours + 20 hours, still 100 hours at the most, and these should be multiplied by 350 , not 700.