Charge Rate Calculator

This simple to use model is a valuable tool for helping owners of service businesses understand how much they need to charge for their time in order to achieve their objectives. 

This model uses data about:

• hours worked by employees and owners

• chargeable hours

• underquoting and over quoting

• business expense

• amount invested

• rates of return on similar investments

to calculate an hourly charge rate that would provide a reasonable return on investment, plus appropriate payment for owner hours worked, plus a margin, where appropriate, for other expected returns.

This program can be used in a number of different situations: 

• Calculate the rate to charge clients in order to receive the returns you expect

• Determine the cost to you of work done for no or little charge

• Determining figures for calculating budgets

• Calculate breakeven charge rates

• Calculate whether or not your business is providing an appropriate return for the effort and funds expended

• Calculate the number of employees needed to make a return in line with your expectations given a market driven charge rate

Click the button below if you would like a quote to produce a custom built version of the Charge Rate calculator which matches aspects of your business.