Chill solo bro of mine: "I just bill $1000 a day then go home" (3 hours work)
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Date: May 25th, 2018 10:46 AM Author: rose razzle-dazzle nursing home
He goes to his crossfit gym sometimes twice a day, lives a half mile from his office, goes to 4:30 happy hours all the time, lake house on the weekend. Plays with his kid.
is this the credit solo life?
(http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36125332) |
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Date: May 25th, 2018 10:59 AM Author: odious dragon
Yeah. I shoot for $30K in fees per month. So i'll go a couple weeks w nothing, then BAM get $10K, then $4K, then $12K, etc. that's just day to day routine.
Then I'll have a couple monster cases stacked on top that push total fees in the half a million range for the year, if im doing things right.
Again, these cases are mostly FED to me, and Im not fronting any costs. I'm just a salaried guy--and we spend bucketloads on advertising.
(http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36125411) |
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Date: May 25th, 2018 12:08 PM Author: Tantric Space
they make $40k a year in salary and it's always 100% of salary as additional total cost in terms of benefits, full time healthcare, etc.
We just hired someone for $60k and his total cost to firm is $120k.
There's a reason every Fortune 1000 company outsources to China and Mexico for labor. Even paying the same salary you save 50% from healthcare.
(http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36125953) |
Date: May 25th, 2018 12:05 PM Author: Tantric Space
so he's billing ~$250k a year max given holidays/weekends/time off/etc.
Total 2018 Calendar Year Working Days 261
Plus count all his expenses.
He needs to bill $3000 per weekday to make the math work.
(http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36125939) |
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Date: May 25th, 2018 12:58 PM Author: Tantric Space
I invested in a start-up and their overhead costs is about $300k total and that includes $0 pay to CEO, rent costs, 2 lowly paid employees, one plane ticket and one hotel a month, office supplies, other ad-hoc business costs, etc.
You need to work 9 hours a day and bill $3,000 a weekday to sustain a decent biz.
(http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36126280)
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