In this video chat I will cover:

1: Calculating your hourly rate.
2: Adding on your overheads to find a combined ‘chargeout rate’.
3: Simplifying quoting by thinking in terms of half day rates instead of hourly.
4: Resisting the pressure to devalue your work.
5: Profit (I didn’t cover this in much detail but for your business to be healthy and capable of growth you must have genuine profit on top of your desired wage and overheads).
6: Systemising you business, to break free from exchanging your time for money.
7: Using rules of thumb to crosscheck your pricing.
8: Some anecdotes about our completed projects with costs and what others were charging.

The book I recommended is this one:
https://www.amazon.co.uk/MythRevisit...


Projects mentioned in the anecdotes at the end of this video:

This is the oak project mentioned at first (it included a cupboard and bookcase on the other side of the room not shown in the first photo), priced at £7,000 vs competitors £10,000.
https://www.houzz.co.uk/photo/6687458...

This is the larger Tudor oak library mentioned next which was priced at around £15k:
   • How We Built This  

This is the grey attic storage project priced around £7k
  / bifpxnlap4z  

And here are the 3 sets of tripledoored white shaker wardrobes price at around £7,500:
   • How we built these wardrobes  

I was prompted to record this video after receiving an email from a subscriber sharing some very common struggles for people like us starting out running a small fitted furniture business.

If this video helps you please support future content by donating at https://www.buymeacoffee.com/freebird thanks!