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He is saying that when you're self-employed, not every hour is billable. His assumption, which he states above, is that after sales, accounting, training, vacat
by pjungwir 11y ago
He is saying that when you're self-employed, not every hour is billable. His assumption, which he states above, is that after sales, accounting, training, vacation, etc., you only wind up billing 1000 hours a year. I've been lucky to far exceed that in my own practice, but I agree you want to budget conservatively, so 1000 hours is a good assumption.
- candeira 11y agoOr you exceed 1000 hours, but at the cost of working more than 40 hour weeks, or more than 8 hour days. So yeah, 85 dollars an hour as a freelancer is the equivalent of 85k dollars a year of a 9-to-5 employee with benefits.
- girvo 11y ago> I've been lucky to far exceed that in my own practice, but I agree you want to budget conservatively, so 1000 hours is a good assumption That's totally fair, I didn't think it through entirely. I've also been lucky in far exceeding that, but I can see why it's a better choice to plan for that instead.