This content was created by Mike Andes. This content was uploaded by Mike Andes. This is a YouTube video titled "Charge Your Customers Based On THIS # 💵" featuring a conversation between Mike Andes and another speaker discussing the concept of budget hours and clocked hours in the context of pricing for home service businesses.
This is an important number for any home service business, and that is budget.
Hours divided.
By clocked hours. Now, what is budget hours?
That's how long I think the job.
Should take based upon the target hourly rate I'm trying to achieve. So if I'm trying to.
Get $80 an hour, if I think someone's gonna take half a budget hour, I would price it at $40.
That's how I determine budget hours. But I've also got to determine how.
Long the job actually take, the clocked hours. So if I think it's going to.
Take half an hour, so.
0.5 budget hours, but it takes two clocked hours, we got a problem.
