Calculating Your Ideal Fee
Rethink Me
| OSRP | ||
|---|---|---|
| Calculating the ideal fee to charge in your practice | ||
| Think about what you want your schedule to look like and consider: | ||
| How many weeks vacation each year? | ||
| How many weeks for sick time or emergency time off each year? | ||
| How many weeks off for trainings or business retreats? | ||
| Total number of annual weeks available to work : | 52 | |
| Then consider the ideal: | ||
| Number of paid hours of individual sessions per week | ||
| Number of paid hours of couples sessions per week | ||
| Number of paid hours of family sessions per week | ||
| Number of paid hours of group sessions per week | ||
| Number of paid hours of individual consultation per week | ||
| Number of paid hours of group consultation per week | ||
| Number of paid hours providing individual supervision per week | ||
| Number of paid hours providing group supervision per week | ||
| Total number of paid hours per week: | 0.00 | |
| Total number of billable hours per year: | 0.00 | |
| Income: | ||
| MONTHLY NUMBER | ANNUAL NUMBER | |
| How much net income do you want to earn? | $0.00 | |
| Next calculate your expenses: | ||
| Non-negotiable expenses: | ||
| MONTHLY NUMBERS | ANNUAL NUMBERS | |
| Office space monthly | 0.00 | |
| Phone bill monthly | 0.00 | |
| Emergency budget monthly | 0.00 | |
| Cost of outsourcing billing and/or monthly bookkeeping expense | 0.00 | |
| Tax preparation annual | 0.00 | |
| Continuing Education (incl travel) annual | 0.00 | |
| License Renewals annual | 0.00 | |
| Advertising/Marketing annual | 0.00 | |
| Website hosting and domain annual | 0.00 | |
| Professional association dues annual | 0.00 | |
| Professional liability insurance annual | 0.00 | |
| Health/Medical Benefits monthly | 0.00 | |
| Office supplies monthly | 0.00 | |
| Internet monthly | 0.00 | |
| Practice management software monthly | 0.00 | |
| Other monthly expense | 0.00 | |
| Other monthly expense | 0.00 | |
| Other monthly expense | 0.00 | |
| Other annual expense | 0.00 | |
| Other annual expense | 0.00 | |
| Other annual expense | 0.00 | |
| Total Non-negotiable Expenses – | 0.00 | 0.00 |
| Negotiable expenses: | ||
| MONTHLY NUMBERS | ANNUAL NUMBERS | |
| Monthly outsourcing budget | 0.00 | |
| Technology budget (new pc every 2 years or mac every 4 years) | 0.00 | |
| Phone hardware (new phone every 2 years) | 0.00 | |
| Cost of professional website design and upgrades | 0.00 | |
| Sick day savings (10% of annual take-home pay) | 0.00 | 0.00 |
| Retirement savings monthly | 0.00 | |
| Other monthly expense | 0.00 | |
| Other monthly expense | 0.00 | |
| Other monthly expense | 0.00 | |
| Other annual expense | 0.00 | |
| Other annual expense | 0.00 | |
| Other annual expense | 0.00 | |
| Income taxes - 20% of NET income | 0.00 | $0.00 |
| Total Negotiable Expenses - | 0.00 | 0.00 |
| Ideal Annual Revenue: | $0.00 | |
| Ideal Fee per Hour: | #DIV/0! |