How to Calculate Hourly Rates for a Contractor or Small 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