Here ⬇️
This is smart girl money math.
Before you send your next contract or proposal consider this:
We all have energetic money minimums. Understanding this is key to scaling your biz. It’ll help you set pricing, decide when it’s time to hire support, and feel confident when outsourcing.
Let’s break down the formula:
➡️ The equation:
Your yearly revenue goal ➗ the number of weeks you’ll work in a year ➗ the ideal hours you want to work each week
This gives you a clear hourly rate.
Let’s go deeper.
Start by defining your money goal. What’s the annual revenue you’re aiming for? This isn’t just about covering expenses; it’s about creating the life you want. Dream big but be realistic.
Then calculate your working weeks. How many weeks per year do you plan to work? Remember, vaca, holidays, and personal time are essential in an OOO entrepreneurs life. I start with 46-48 weeks as a baseline.
Finally, consider your working hours / week. This is crucial. How many hours per week are you willing to dedicate to work? Be honest. Overworking leads to burnout, and underworking might not meet your financial goals.
Now, let’s put it into action:
If your yearly revenue goal is $300,000, and you plan to work 46 weeks a year (taking 6 weeks off for personal time), and you wish to work 24 hours a week, your formula will look like this: $300,000 ÷ 46 ÷ 24 = $272/hour.
This number is powerful.
It’s not just about charging $272 per hour; it’s about understanding the value of each hour you work. It guides you in making decisions about which projects to take on, helps in conversations with clients, and gives you a clear view of your business’s financial health.
Remember, this is a starting point. You might adjust based on market rates, your experience level, and the demand for your work. But now, you have a solid starting foundation.
Your time is valuable. By quantifying this, you set a standard for yourself.
It’s not just about making money; it’s about making your time count, creating quality work, and living the life you envision.
Want help with this? Drop a “💸” in my Instagram reel and I’ll send you my free money mindset workbook, it’s the perfect tool for financial self-discovery.
Here's the Instagram Reel: [ Ссылка ]
