A Conversation for One Man's Woodcraft: How to Price your Time
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aka Bel - A87832164 Started conversation Oct 24, 2010
but is 30,000 a year realistic? How much does the average person earn per year?
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Rod Posted Oct 25, 2010
NZ$ is more than that, then there's US$, Oz$, Francs, DM... An impossible task.
Pick a number
Well, I chose that 30k as a UK aiming point (median is £Kmid twenties, apparently) having regard to extras - pension, insurance, car... which you may well need if self-employed.
And after all, it's not intended to be hard & fast. It could be out of date next by year anyway - which is why I counted in groats.
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aka Bel - A87832164 Posted Oct 25, 2010
Most of the jobs I've seen for the UK will earn you less than 20kpa
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Rod Posted Oct 26, 2010
In retrospect, I should have said something more like
40 weeks/year X 40 hours/week = 1600 hours/year
So, for every groat per hour you charge, your annual income would be 1,600 groats
1 groat/hour = 40/week = 1,600/year
10/hour = 400/week = 16,000/year
and so on.
Sorry. I'll try harder
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Rod Posted Oct 26, 2010
's'ok
I'm finishing off a trip report, soon to be with you.
Then there's Pricing Your Costs (a follow-up to the one under discussion).
After that, back to (lathe) Tools
Then I'll think about the washing-up
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