Know Your Numbers: The Solid Foundation of Your Rate
List annual expenses—software, hardware, healthcare, office, training, vacation, and buffer—then add taxes and your target profit. Divide by realistic billable hours. This number is your financial guardrail, ensuring you never quote below sustainability just to win a project.
Know Your Numbers: The Solid Foundation of Your Rate
Most freelancers bill 50–65% of their working hours. The rest goes to sales, admin, research, and recovery. Setting your rates on 100% billable hours guarantees burnout and underpayment. Be honest about utilization so your business thrives beyond the next invoice.
