How does a consultant get paid?

#SmallBusiness #Bookmarks #BusinessManagement How does a consultant get paid?

<img src="https://www.fractional.consulting/img/6164da5600809fa74a8904b048a75762.jpg" width="800" height="533">A common formula that consultants use to determine their hourly rates is to add up their labor cost (typically an amount based on what your salary would be as a full-time employee in your field) along with overhead expenses, such as office equipment, accounting fees, marketing and health insurance, and then add up the profits. According to the study, 23.38% of consultants are paid by the hour.

* This article was originally published here #SmallBusiness #Bookmarks #BusinessManagement

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