Calculate Your Hourly Rate - template

	A	B	D	E
1	Freelancer Hourly Rate
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3	Enter your values in the highlighted green fields to calculate your ideal hourly rate
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5	Target Annual Profit (Net)	$150,000.00	Target Hourly Rate	$207.22
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7			Profit Margin	50.3%
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9			Implied Annual Revenue (Gross)	$298,400.00
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11			Implied Monthly Revenue (Gross)	$24,866.67
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15	Monthly Overhead (OpEx)		Monthly Burn Rate	11,950
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17	Office space	$0.00	Employee Salaries	$8,500.00
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19	Internet & Phone	$350.00	Contractors	$1,200.00
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21	SaaS Tools & Apps	$800.00	Advertising & Marketing	$0.00
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23	Servers & Hosting	$1,000.00	Healthcare & Benefits Plan	$0.00
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25	Interest / Bank fees	$100.00	Team Building	$0.00
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29	Annual & One Time Expenses (CapEx)		Annual Total	5000
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33	Hours		Annual Billable Hours	1,440
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35			Weekly Billable Hours	30
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37			Weeks of Vacation	4
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