Pricing your hourly rate is an important business decision.
Money is important.
It should not be left simply to your perception of what you are worth in the prevailing market. For those of you considering embarking on a career in contracting, your hourly rate is crucial to your chance of breaking into the market. Maybe the market moved without you knowing. Follow the example below to arrive at your hourly rate. Remember to be realistic in your annual income requirement, particularly if you are just starting out in the contracting arena.