Click 13: Finance ArticlesFinance Articles

To manage the money…

Finance and bookkeeping articles to help you manage your money as an entrepreneur.

To see the other 13 Clicks, click here.

The best advice that you’ve probably never taken is to hire people to do the work for you. I’m guilty of it too, for two reasons.

One, having people work in your business is like hiring a nanny to raise your kid. It’s hard to find people you can trust to do a good job. Two, employees are way more expensive than you think.

To figure out the real cost of an employee, I took a look at 20 of the world’s largest companies to see how much they’re spending per employee.

[click to continue…]

7 comments

Young entrepreneurs don’t charge enough for their time. And clients are shocked when they hear anything over $30 an hour.

I bid out freelance jobs at $80 per hour. That seems like a lot, but it’s really half as much as I should be charging. My friend’s dad told me that big companies contract out to developers and designers for $165-$245 per hour.

When we take a closer look at where that $80 per hour goes, you’ll realize it’s nowhere near how much you should be charging.

[click to continue…]

27 comments