Do you know how much it costs per hour, to run your business?

Uncategorized Aug 26, 2020

In my line of work, I speak to a lot of business owners, and one thing is clear. So many of them are burying their head in the sand when it comes to their business numbers. And, if you don’t know how much it costs to run your business -  it’s a big problem for you too.

You need to find clarity around your numbers if you want to manage your business effectively. Because, not only will it help you transform your business, but it will also free you up from a lot of stress and overwhelm!

So, what do I mean by numbers and is there a way to work out the numbers you need?

Let’s look to get some clarity around it.

Do you know your business numbers?

Have you looked at how much it costs to run your business? When you run your own business, it’s easy to get sidetracked on the marketing numbers you need to get a good ROI on your advertising - such as conversion rates and email open rates etc.

But you also need an idea of your minimum costs for your business. Numbers like how many hours you can bill out as workable time or what your monthly expenses are. Then there’s the cost of your operating expenses and how much your time is worth.

And then there’s how much it costs you per hour, to run your business.

This is one of those figures that impacts on not just the health of your business, but also how much you need to charge for your products and services. 

There are a lot of things to consider when working out your business numbers. That’s why I’ve added a pricing calculator to my site, to do the heavy lifting for you and work out your business numbers for you

Are you paying yourself enough?  

One of the business numbers that often gets overlooked, is how much you’re paying yourself.

Paying yourself is something that often ends up bottom of the pile. Either you don’t have the funds spare to pay yourself or the money put aside for you, gets lost in other things. 

But the money you pay yourself acts as a motivator for you. It’s a reward for your hard work - and it’s also an indicator of where your level of self-worth is at.

You need to pay yourself something.

And if you want to factor that into your business costings, you need to know your numbers. 

Use the pricing calculator to help get clear on how much it costs to run your business

I have a pricing calculator available on my site, to help you establish that baseline you need. 

When you know how much it costs per hour to run your business, you will know how much you need to be charging to make a profit. You’ll be able to pay yourself because you have an idea of how much to charge for each product or service. 

And you can stop burying your head in the sand, when it comes to your business numbers. 

So, if you’re ready to get clarity around your business numbers, take a few minutes to sign up for my pricing calculator. It works out all the business figures you need, including how much it costs per hour, to run your business.

You may be a little surprised by your business numbers, but you’ll be glad you now have them. As it will help you manage your business more effectively, from this point forward.


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