How to Calculate Your Contractor Hourly Rate to Cover All Costs
Most contractors set their hourly rate by looking at what competitors charge and picking a number somewhere in the middle. That's backwards. Your rate has nothing to do with what the contractor down the street charges - it has everything to do with what it costs you to operate your business and what you want to take home. A rate built on competitive observation tells you whether you'll win work. A rate built from your actual costs tells you whether you'll stay solvent while doing it.