Whether you’re designing a logo or building an entirely new website, one of the most important aspects of any successful project is getting the cost right. Because while a couple missed billable hours won’t make or break your business, consistently not charging enough certainly will.
There are a number of ways to calculate project costs, and a lot of moving parts to consider, but we’re simplifying it down to one important equation for you.
Time (Hours) x Cost of Time + Non-billable Expenses
Now, let’s talk about each aspect of the equation and how to find those numbers.