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Casual Articles - Self-Employment: Do you know the Difference between Rates and Wages
Customer Service Speaker Asks: Is Netflix The Best Way To Rent Videos? ing that service, rates must cover the
business's overhead.If you’ve been reading my articles you’ve noticed an evolution in my thinking about home entertainment, and especially in how I view movies.At the beginning of the year, I unplugged from satellite, because there are hundreds of channels, many of which offer movies that make you wonder how they got financing and were made. Also, I was spending about $1,500 a year, for nothing.Next, I struggled with video stores, their late fees, and Because of that, rates have to be higher than Heat-Up Your Negotiations by Using this Refrigerator Salesman's Trick The difference between rates and wages is not always clear to newly self-employed people and their wage-earning clients.A major benefit of being a full-time consultant is that you get a chance to learn an amazing amount from your clients. In a sense, this is a career where every day you’re enjoying a continuing education class.One of my client-taught classes pertained to Negotiation.I was working with the owner of a rather large appliance store in Los Angeles and he gave me a tutorial on the three grades of refrigerators. Each, of course, was separat Both look similar on the surface; both are expressed in dollars and cents per hour. But they each represent something very different. Wages are the payment a worker receives for his labor. Rates are the payment a business receives for performing a serivce to a client. In addition to the labor used in performing that service, rates must cover the business's overhead. Because of that, rates have to be higher than Investing Stock Market ABC's lients.While most folks today trust mutual funds and their professional managers with their investments, it’s still important to understand the basics of the stock market. Although investing in individual stocks may not be right for everyone, a basic understanding of the stock market is essential to understanding the workings of our economy and business sector.A stock is a portion of ownership in a company. Commonly referred to as a share, it i Both look similar on the surface; both are expressed in dollars and cents per hour. But they each represent something very different. Wages are the payment a worker receives for his labor. Rates are the payment a business receives for performing a serivce to a client. In addition to the labor used in performing that service, rates must cover the business's overhead. Because of that, rates have to be higher than Outsourced Groupware represent something very different.Over two years ago I began working with a couple of SMB clients (around 30 staff in each) who were going to lose access to their Exchange Server infrastructure as a result of being sold by their parent company to become part of a much smaller organisation.The new business owners were faced with making a significant investment consisting of new server hardware, 1 Exchange Server 2003 license, 1 Windows Server 2003 license, 60 Exchange CAL’s Wages are the payment a worker receives for his labor. Rates are the payment a business receives for performing a serivce to a client. In addition to the labor used in performing that service, rates must cover the business's overhead. Because of that, rates have to be higher than For Financial Planners, Marketing and Publicity Is About You the payment a business receives for performing a serivce to a client. In
addition to the labor used in performing that service, rates must cover the
business's overhead.For financial planners, getting publicity, in the end, isn’t about having contacts in the media.Or about writing a great press release.In the end, it’s about one thing: it’s about you.You, and the knowledge and expertise you share every day with your clients.The same knowledge that helps you recommend the right stocks, mutual funds, or municipal bonds.The same expertise that your clients seek out when they want Because of that, rates have to be higher than How To Avoid Being Eaten Alive By Your Bad Cash Flow ing that service, rates must cover the
business's overhead.In olden days our ancestors had to cope with the elements, find shelter and stay out of the claws of wild animals that would rip one of their legs off for a snack. But in today’s business jungles, entrepreneurs have something much more ferocious to cope with – Cash Flow!Business picks up – you are working your backside off to get ahead, money is coming in, you rejoice and continue working your butt off. An Because of that, rates have to be higher than hourly wages earned by employees for comparable work. Most newly self-employed workers are former employees. They are accustomed to receiving pay based on wages. Because they don't understand the difference between rates and wages, when they start out, they tend to set their rates too low. To survive, your rates must be high enough to pay the bills and enable you to earn a living. Some of the differences between a self-emp
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