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Calculating Hourly Rates for a Contractor or Small Business

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hi guys again Johnson from Drive

success calm today I'm going to talk

about how you can go about determining

your hourly rates as a small business

owner or a contractor this is a formula

we're going to go over today that you

can use whether you know your your

contractor or you're charging your

customer hourly services whether you're

like a consultant of some kind it's very

simple and straightforward calculation

it accounts for your salary per hour

your direct expenses per hour your

indirect expenses and your profit now

profit is extremely important and now

this may be you know obvious to some

profit you know everyone knows you have

to have profit in terms of your hourly

rate but it's not obvious to all and I

actually had a friend of mine recently

who hit the ground running everything


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