Iām very impressed both with how you have built this operation in terms of clients and the positive impact they report. Itās great that you appear to be partially addressing the 80,000 Hours bottleneck for coaching.
Could you give us an idea how many hours a week a typical client of yours works?
For people not familiar with how consulting works, they might naĆÆvely multiply the $125 per hour (because Iām understanding that grants top off the sliding scale) by 40 hours per week, 50 weeks a year and get $250,000 per year āsalary.ā So it might be useful for them to see roughly how many billable hours a week you get and have a feel for how big expenses are.
I average about 13 calls a week (which works out to about $80,000 a year), and about 40% of total revenue goes to business expenses (which leaves a salary of <$50,000).
Iām surprised that business expenses are 40% of revenue. I thought it would be a lot lower than that. Are you comfortable sharing what the biggest expenses are?
The biggest expenses are costs typically paid by the employer separately from salary (e.g. self-employment taxes and health insurance together are about $16,000). The next largest is outsourcing some work to help me scale coaching.
Iām very impressed both with how you have built this operation in terms of clients and the positive impact they report. Itās great that you appear to be partially addressing the 80,000 Hours bottleneck for coaching.
Could you give us an idea how many hours a week a typical client of yours works?
For people not familiar with how consulting works, they might naĆÆvely multiply the $125 per hour (because Iām understanding that grants top off the sliding scale) by 40 hours per week, 50 weeks a year and get $250,000 per year āsalary.ā So it might be useful for them to see roughly how many billable hours a week you get and have a feel for how big expenses are.
I average about 13 calls a week (which works out to about $80,000 a year), and about 40% of total revenue goes to business expenses (which leaves a salary of <$50,000).
Iām surprised that business expenses are 40% of revenue. I thought it would be a lot lower than that. Are you comfortable sharing what the biggest expenses are?
The biggest expenses are costs typically paid by the employer separately from salary (e.g. self-employment taxes and health insurance together are about $16,000). The next largest is outsourcing some work to help me scale coaching.