Calculate your hourly rate

To
To be
be profitable
profitable inin business,
business, itit isis important
important to to know
know howhow much
much you
you should
should bebe charging
charging per
per What
What to
to do
do
hour
hour for
for your
your services.
services.
   1.
1. Open
Open thethe 'Calculate
'Calculate your
your
To
To calculate
calculate your
your hourly
hourly rate,
rate, you’ll
you’ll need
need toto make
make some
some decisions
decisions about:
about: hourly
hourly rate' tool..
rate' tool
•• the
the total
total number
number of of hours
hours you’ll
you’ll be
be available
available toto work
work
•• how
how much
much profit/income
profit/income you you hope
hope to to make
make 2.
2. Enter
Enter the
the desired
desired profit,
profit,
•• any
any capital
capital investments
investments you you need
need toto pay
pay back
back desired
desired salary
salary and
and operating
operating
•• your
your desired
desired personal
personal income
income cost
cost amounts.
amounts.
  
As
As well
well as
as factoring
factoring in:
in: 3.
3. Enter
Enter the
the number
number of
of
•• your
your total
total operating
operating costs
costs income
income producing
producing hours
hours and
and
•• that
that you
you may
may notnot be
be able
able to to secure
secure work
work for
for 100%
100% of of your
your available
available hours
hours note
note the
the results.
results.
  
Please
Please note:
note: This
This calculator
calculator isis intended
intended for for use
use as
as aa guide
guide and
and isis not
not aa substitute
substitute for
for
professional
professional advice.
advice.

Developed by the Small Business Development Corporation smallbusiness.wa.gov.au

 Calculate your hourly rate
Desired profit

How much profit do you hope to make? $0.00 per year

Are there any capital investments in the business

$0.00 per year
that you need to pay back?

Total desired profit $0.00 per year

Desired salary

What is your desired personal salary? $0.00 per year

Operating costs

What are the estimated overheads of running your

$0.00 per year
business?

Number of income producing hours

What is your total number of income producing hours?

Remember to exclude public holidays, planned breaks and 0 per year
time for professional development.

Your hourly rate #DIV/0!

Please note: If you are registered for goods and services tax (GST), you will need
to add the 10% GST amount to your hourly rate.

Need help using this calculator?

Read our blog on how to calculate your hourly rate for more information.

Developed by the Small Business Development Corporation smallbusiness.wa.gov.au

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