Free for consultants and coaches
Put in the income you want, your costs and the hours you can really bill, and see your hourly and day rate. Then see how many clients that takes, and how many discovery calls a week. Free, no sign-up.
Charge at least $100 an hour
$800 a day. 1,200 billable hours a year cover $110,000 of income and $10,000 of costs.
Add what you need to earn to what the business costs, and divide by the hours you can bill.
Add the clients step and the calculator works forward from your hours.
The rate has to pay for the business before it pays you.
The sums behind the default numbers. Put the same numbers in and you'll get the same answer.
$110,000 of income and $10,000 of costs is $120,000 a year to earn.
48 weeks at 25 billable hours is 1,200 hours.
$120,000 over 1,200 hours is $100 an hour, and 8 hours is $800 a day.
At 25 hours a week, 20 hours a week would need $125 an hour for the same year.
Your rate moves when your hours or your costs do.
The calculator is free. ActivityTracker, the app we make, is paid. It doesn't send invoices or track billable hours. It keeps the selling going while you're busy with client work.
Add the income you want to your business costs, then divide by the hours you can bill in a year. $120,000 over 1,200 hours is $100 an hour.
Only the hours a client pays for. Selling, admin and invoicing take the rest of the week, so billable hours come in well under the hours you work, and your own last few months are the best guide.
Either way, start from the hourly rate. A project price is your rate times the hours you expect, with room for the ones you didn't expect.
Your hourly rate times the hours in a working day. The calculator uses 8 hours, so $100 an hour is $800 a day.
The income you put in is before tax, so the rate covers it. Set tax aside from what you earn, and check the figure with your accountant.
Divide your billable hours a month by the hours each client takes. 100 hours a month at 10 hours a client is 10 clients at a time.
Take the new clients you need a year, multiply by the calls it takes to win one, and spread that over the weeks you work, which the calculator does when you add the clients step.
Yes, and there's no sign-up. The Copy link button saves your numbers in the link.
Keep using the calculator for free. The app counts the discovery calls and follow-ups that fill next month.