If I call the contractors advertising in the phone book in my area and ask what their hourly rate is I get anywhere from $40 to $60 Per hour. When I was doing T&M I was having a hard time getting my customers to accept a rate of even $40 and hour. At $40 an hour I am losing money. When I went to flat rate my hourly rate went to $80 per hour and now I am at $100 per hour. I want to get it up to at least $130 per hour. I don't think I could ever do this charging T&M. I could see the look on my customers faces when I tell them that will be $130 per hour plus markup on materials. I'm not sure how long it will take. Right now I need to charge $65 per hour just to break even with no profit. This is based on paying me a salary of about $60,000 per year. I want to do more advertising and grow my business and have a personal income of at least $100,000. To do this I will need to bill out at $130 per hour or more. I don't see how I could do this with T&M.
[This message has been edited by A-Line (edited 12-13-2004).]
[This message has been edited by A-Line (edited 12-13-2004).]
