To answer this one, I’ll set out two methods of charging that anyone can work out and use. Like an algorithm for life.
CHARGING METHOD 1: The experience matrix
Divide by two
Equals the number of pounds per hour to charge.
If you’re 26, divide it by two (13), add 10 (23) and so your rate would be £23/h.
If you’re 40, divide it by two (20) add 10 (30) and so your rate would be £30/h.
CHARGING METHOD 2: The assumed wealth matrix
R=rate to charge
V= value of car arrived in
Divided by 10 and take figure as pence
Equals the number of pence per hour to charge.
Rich Romeo above pulls in in his £100,000 ferrari (nice).
£100,000÷10 (10,000) add 1000 (11,000) equals 11,000 pence (or £110 per hour to be more conventional).
However if Penny-pincher Philip pulls in in his lovely circa 1982 Austin Maestro (prudent)…
…then £2,000÷10 (200) add 1000 (1200) equals 1200 pence per hour (or £12.50 per hour to be more conventional).
So. Two easy methods there to justify your price. A-thank you. For further business consulting methodology my next book titled “Makeup” will be out next Summer.