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Vault Message Board: Management and Strategy Consulting

Topic Name: Doing the Independent thing...
Message Name: Hourly bill rates
Date Posted: 07/02/2003
In Reply To: thanks for the advice. any thoughts on what hourly bill rates should be?
Message: Determine how much you want to make first. Then figure in all of your costs. A good rule of thumb is to take what you want to make say $100,000 for example and divide by 1000. This figure will take into account the possible uncertainty of being independant (you will make your $100,000 in 6 months) and roughly cover your costs. There is a great book about becoming independant, selling your services, writing contracts and proposals, setting your rates, collecting from clients, and some other useful tidbits. It is "The Computer Consultant's Guide - Second Edition" by Janet Ruhl. Janet also has a website realrates.com. I think you woudl find this book and website very helpful.

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