I think you are over complicating matters. Work your figures based on working 4 days per week, 8 hours per day, 44 weeks per year and you won't be far out. Anything extra is a bonus.
 
the 38% includes for annual leave pay, sick pay, public holiday pay among others.

At the end you then add in Annual holidays .......... = 4.0 weeks
Paid public holidays – 9 days ……… = 1.8 weeks
Paid sick/family leave – say, 10 days … = 2.0 weeks

And you feel they are they not accounted for twice?

I agree with Murdoch, this is far too complicated.

I would remove the 38% and work out all your costs over the year...

I am not here to teach business practices, I am not qualified to do so. However i have seen a flaw in the one you present, and thought it should be pointed out.
 

OFFICIAL SPONSORS

Electrical Goods - Electrical Tools - Brand Names Electrician Courses Green Electrical Goods PCB Way Electrical Goods - Electrical Tools - Brand Names Pushfit Wire Connectors Electric Underfloor Heating Electrician Courses
These Official Forum Sponsors May Provide Discounts to Regular Forum Members - If you would like to sponsor us then CLICK HERE and post a thread with who you are, and we'll send you some stats etc

Advert

YOUR Unread Posts

Daily, weekly or monthly email

Thread Information

Title
calculating rates and business plan
Prefix
N/A
Forum
Business Related
Start date
Last reply date
Replies
17

Advert

Thread statistics

Created
bobzzz,
Last reply from
Southern22,
Replies
17
Views
3,443

Advert

Back
Top