Keeping Your Business's Finances on Track
One of the biggest benefits of operating a home-based business is that it doesn't require any formal training or experience. After all, some of the most successful individuals never attended a single business-related class or workshop.
The only... ...Read More
How To Realistically Set Your Fees - Part 1
We all know there are 52 weeks in a year and 40 working hours in a week. Therefore, we can bill 2080 hours per year, right. Wrong. Too often this is the trap that many new service businesses fall into. The first step in calculating your... ...Read More
The Magic of Thinking Small by Mike Litman
Many of you might disagree and I'm prepared for that.
Many 'guru's' might say "Mike, you're wrong." and I'm prepared for that.
But what I'm about to share with you has been one of my biggest secrets to my success.
This secret has been... ...Read More
How To Realistically Set Your Fees - Part 2
Effect of Expenses The last article examined how to calculate your realistic billable hours. If you remember, we arrived at approximately 1100 hours in a year. To earn our mythical $46,000 per year, you needed to bill at a rate of $42 per... ...Read More