Revenue Goal: $2,500
Total Revenue: $1,940
Total Expenses: $387.63
Net Profit: $1,552.37
Owner Compensation: $1,607.31
Hours Worked: 38.75
Weekly Average Work Hours: 9.69
Billable Hours: 7 hours (WHOOPSIES)
- Course Creation: 6 hours
- Marketing/Content Writing: 1 hour
Non-Billable: 31.75 hours
Billable Percentage: 18% (OPE)
Hourly Rates By Project Type
- Course Creation: $173.33/hour
Overall Hourly Rates
Billable Hourly Rate Before Expenses: $275.18/hour
Overall Hourly Rate Before Expenses: $50.46/hour
Overall Hourly Rate After Expenses: $40.37/hour
Target Overall Hourly Rate: $60/hour
August was a very bad month for me personally and I will not be sharing about it publicly on the Internet, but I wanted to keep up my commitment to transparency about small business finances. I worked much less than usual, and most of my time was spent preparing to launch a course in September. I did also write an entire workbook in about 6 hours!
Although you feel you didn’t achieve all your goals, but just preparing your September course and the workbook were a huge accomplishment. Pat on your shoulder!
Thank you, Sara! I really appreciate your kind words.