• How to Calculate Hourly Rates for a Contractor or Small Business
  • How to Calculate Hourly Rates for a Contractor or Small Business
  • How to Calculate Hourly Rates for a Contractor or Small Business
Originally published: 03/01/2018 15:42
Last version published: 02/03/2018 15:10
Publication number: ELQ-66157-2
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How to Calculate Hourly Rates for a Contractor or Small Business

Ian Johnson provides a formula and explanation to help you calculate hourly rates as a contractor or small business.

businesscalculationscontractorformulahourly ratessmall business

Description
In this video, Ian Johnson gives a walk through of the process should you want to work out how much to charge per hour as a contractor or a small business. This simple formula is used:

[(hourly salary) + (direct expense per hour) + (indirect expense per hour)] / PROFIT

Ian uses a table and exemplar figures to explain this method using simple language for ease of comprehension.

Length: 7 minutes 45 seconds

This business tool includes
1 Video on Calculating Hourly Rates for a Contractor or Small Business

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