Setting an hourly rate – a topic everyone wants to understand but doesn’t necessarily want to discuss. Too often business owners don’t know how to properly set hourly rates and resort to methods such as guessing or copying a competitor’s rates. However, following these ill-advised procedures can often leave you not charging enough for your services and scared to ask for proper compensation. While there are many strategies for determining your hourly rate, this article breaks down the most widely used approach.
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