One decision, with the working shown.
The Ledger is Shrewd’s free email, every Tuesday. Each one works through a decision you face when you work for yourself. It shows the numbers and the sources.
Working paper 01 ·
Money
You raise your day rate from $500 to $600. How many booked days can you lose before you earn less?
20 days × $500$10,000
17 days × $600$10,200
Three days in twenty can go, and you still come out $200 ahead.
The rule for any rate: divide the rise by the new rate. Here, $100 ÷ $600 is one day in six.
Example figures, for one month of billing.
Whether your clients would stay is your call. Lose fewer than one day in six, and the rise pays.