Ben Burnsby MrBenBurns

Project
Profitability

The Project

Is this a completed project or are you pricing new work?

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Not sure? Estimate hours from dates.
Estimate hours
From start and end dates
Total: 0 hours

Costs

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How much the business spends every working hour to keep going, your pay and overhead included. This is money out, not a rate you charge. Do not know it? Work out your burn rate.
Work out your burn rate

The one idea I come back to more than any other: you are not your business. It has to pay you and cover its own bills before a dollar of it counts as profit. So start with what you genuinely need to live, then play with paying yourself more and watch what it really takes.

You, personally

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The bare minimum to live on: rent or mortgage, food, utilities, insurance. Paid to you like a paycheck.
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Optional, and this is the fun one. What if you wanted an extra $10,000 a month? How would it impact your numbers? Nudge it and watch your rate move.

The business

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Rent, software, subscriptions, insurance. The bills that show up whether or not you work.
Every hour you put into the business, billable or not. Most full-time solo creatives work somewhere around 120 to 180 hours a month.

Hourly burn rate: $0
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Think about freelancers, materials, stock, fonts, ad spend, processing fees. Costs that exist only because you took this project on. Break it down.
Break down costs
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Total costs: $0

Fill these in and your numbers appear here:

  • What you charged
  • Your hours on the project
  • Your hourly burn rate

Profit on this project

$0.00

Margin 0.00%

What your business made per hour on this project
$0.00
Overhead coststhe hourly burn rate, times your hours
$0.00
Direct costs
$0.00

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