Pricing your work

Remember that you also spend time doing other things besides the work you invoice.

Suomeksi

According to TEK’s labour market research, entrepreneurs who are members of TEK invoice almost EUR 658 per day on average. You should remember that in addition to the work you invoice, you will also spend time on sales, marketing and administrative tasks. You should take this into account when pricing your work.

You cannot therefore draw a direct comparison between your rates and the monthly salary paid for a similar job. A good rule of thumb is to multiply your desired monthly salary by two and use the resulting sum to calculate your daily or hourly rate.

Expenses are incurred also from things like bookkeeping, pension insurance premiums, unemployment security and other insurance premiums, the add-on costs of salary, your phone, devices and internet connection. These expenses as well as your holiday pay must also be covered by the income you receive from invoiced work.

What's profitable? ‹
TEK’s entrepreneur members have free access to Kannattavuussimulaattori ('the Profitability Simulator'), which helps you understand how your own work input, as well as your company’s income and expenses, affect profitability. The simulator provides tools for understanding and planning your company’s figures. The simulator is only available in Finnish.
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