Join Petrula Vrontikis for an in-depth discussion in this video Estimating basics, part of Running a Design Business: Starting Small.
I know that many of you would like me to tell you exactly what you should charge …for the specific types of projects that you want to do. …Unfortunately, I can't. And it would be irresponsible for me to try. …What I can give you are some basic guidelines for estimating, in the …beginning, and as your business matures. When starting out, it's essential that …you track your time and the time that your staff spends on each project to give …you a realistic view of how long it takes. …If you place a reasonable hourly rate on that time, you'll find an easier way of …knowing how to estimate new projects. Once you get established as an expert in …what you do, you'll transition from an hourly based rate to a fixed fee …structure of estimating. This is because your level of expertise …and years of experience are worth more than just an hourly rate.…
There are significant variables that determine the price we charge our clients. …Each estimate is a combination of two factors, the value of this work to your …
- Naming and structuring your business
- Keeping records
- Cultivating business relationships
- Hiring employees and subcontractors
- Creating schedules and managing deadlines
- Understanding industry trends
- Avoiding the pitfalls of spec work
- Promoting your business through social media
Skill Level Appropriate for all
Running a Design Business: Designer-Client Agreementswith Terry Lee Stone1h 10m Appropriate for all
1. A Solid Foundation
2. Structure and Form
3. Getting Work
4. Developing Contracts
5. Keeping It Running
6. The Trends
7. Looking Ahead
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