Question of the Week 25.08.09

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
57301583

A÷2+10=£

A=age
Divide by two
Add 10
Equals the number of pounds per hour to charge.

EXAMPLES:
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
rich

R=(V÷10+1000)

R=rate to charge
V= value of car arrived in
Divided by 10 and take figure as pence
Add 1000
Equals the number of pence per hour to charge.

EXAMPLES:
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)…
maestro

…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.

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