How much do you need to earn?

Whether you charge a project rate or a day/hourly rate, here are the factors you need to take into consideration to ensure you earn sufficient levels of income:

• Unless you’re a contractor on a full-time contract, it’s unlikely you will be earning money every day of the week.  And you don’t get paid for undertaking tasks such as marketing yourself, new business meetings, admin etc. You also don’t earn anything when you’re sick or go on holiday (unless you’re on a retainer).

• You will incur business expenses. I work from home so I have low overheads but I still had to kit out my home office and pay for my website to be designed and built. My ongoing expenses include my marketing and networking activity, training courses and instructional books, my accountant, phone and internet connection, stationery, travel expenses, professional subscriptions, insurance….the list goes on.
Read more »