4 ms·
150/hr * 2080 hours is an annual gross of 312k. Divide by two to estimate an equivalent annual salary of 156k. A good salary, yes, but not out of reach for som
by jt2190 12y ago
150/hr * 2080 hours is an annual gross of 312k. Divide by two to estimate an equivalent annual salary of 156k. A good salary, yes, but not out of reach for someone who builds websites front to back. 150/hr is probably too low to account for downtime and the added risks of going on your own.
- zrail 12y agoIt's entirely unreasonable to assume a completely full book. Also remember that the tax burden as a 1099 is higher and more complicated. Also you have to pay all of your own benefits, if you can get them (for example, disability insurance is difficult to get and expensive when you do).
- damon_c 12y agoYou're wrong. It's not only reasonable, it's common.
- zrail 12y agoMy point was that making the assumption that you'll be able to book 2080 hours in a year is bad for business. I've had full months, sure, but I've also had months with about four days of work total. The numbers have to work in either case or you're running a hobby, not a business. Also, I can't speak to how common it is, but in my (albeit limited) experience, a full book is just a bad idea in general. When I have a full book I end up working on the business (invoicing, lead gen, client relationships, bookkeeping, taxes, etc) in the slices of time that I would rather be spending time with my family.