Freelance Hour Calculator
Have you ever asked yourself the question, "How many hours should I actually work this…
Are you a “doer” or a “thinker”?
In today’s virtual workforce, organizational structures are rapidly evolving. If you’re trustworthy and competent, clients will throw all kinds of assignments at you. In the short term, this is great for your personal bottom line. Your billable hours go up and so does your income.
However, in the long run, if you spend all your time “doing” things (as opposed to thinking), your perceived value by the client could be in jeopardy.
To answer this question, consider your personal household. The guy who mows your lawn (let’s call him Ryan) is extremely dependable and a super nice guy. He always shows up on time, pays close attention to detail, and even bags the grass clippings. For $40 per week, you can have a great looking lawn without ever lifting a finger. If Ryan ever decided to raise his prices, there are probably 20 other people in your town who can provide the same services. This creates a problem for Ryan, as his only options for growth involve hiring cheaper subcontractors or altering the business model. Providing a relatively commoditized service forces Ryan to limit his long term earning potential in exchange for short term wins.
Conversely, consider your family’s legal counsel. When dealing with an estate or other serious matter, you’re paying for your lawyer’s ability to analyze the situation and apply knowledge to achieve your goal. Lawyers are able to command much higher hourly fees than our friend Ryan because they are thinkers – not doers.
So we’ve established that it can be more beneficial to be a thinker than doer. You might want to take a step back and reevaluate your career track if this sounds like you:
If you would like to become more of a thinker than a doer, here are some things to consider:
If, after reading this post, you have suspicions that you’re more of a doer than thinker, it may be time to regroup. Although your current lifestyle may seem comfortable, never get too comfortable. Those who can continuously redefine themselves tend to have the greatest careers as freelance consultants. Redefining oneself takes a commitment to ongoing self-education and an awareness of the bigger picture.
You can do it!