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Becoming Business Barbie and Making Accounting Accessible for Founders: Featuring Rachel Harris

Not My First Guess

NOTE

Determining Internal Charge-out Rate

Developing an internal charge-out rate involves valuing your time in both personal and business life. It is about finding a balance between what to say yes and no to, and understanding when to delegate tasks. The rate is calculated by halving the number after dropping three zeros from your annual salary or business withdrawal. By stress testing this formula across various scenarios, one can determine a solid internal charge-out rate.

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