(Hourly Rate? Usually around $700-800 per hour, but closer to $1000 with expense

(Hourly Rate? Usually around $700-800 per hour, but closer to $1000 with expenses. Then from there to a daily rate, then to a fixed number on outcome. Always try to evolve from payment for time to payment for outcomes. Payment for time is usually just means of incremental billing for outcomes to preserve cash flow and reduce risk. But payment for outcomes (if you have the cash reserves) allows you to charge for value provided rather than time. I have a friend who names products. She charges about the same for every product name. It might take her three months. It might take her twenty minutes driving or taking a shower. The very best people solve problems and sell deals that their organizations then bill for by hourly rate. This results in indirect capture of profits on the entire billed effort. And for owner-executives indirect profits in appreciation of stock or export of dividends. Finance is simply the most elaborate and complex version of this method of revenue production.)

Reply addressees: @themaxstoic


Source date (UTC): 2023-07-30 14:49:54 UTC

Original post: https://twitter.com/i/web/status/1685664016947920896

Replying to: https://twitter.com/i/web/status/1685653285007429632

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