Vancouver Event Planners - Kathie Madden Events » event planners http://kathiemaddenevents.com Event News and Articles Sat, 12 Mar 2011 03:55:33 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 What are you Worth? Find the formula here! http://kathiemaddenevents.com/2009/10/formula-calculating-your-worth/ http://kathiemaddenevents.com/2009/10/formula-calculating-your-worth/#comments Fri, 23 Oct 2009 01:56:35 +0000 Kathie Madden http://kathiemaddenevents.com/?p=247 Calculator2 150x150 What are you Worth? Find the formula here!I often get phone calls from enthusiastic event planner hopefuls poking around for information on what to charge their clients.  This formula was given to me long ago from an event professional, and I in turn pass it on.  I hope it comes in useful but more importantly, be realistic in the pursuit of making top dollars in this competitive industry before you have the proper training and experience.

Play with this formula, along with your expertise; you should be able to determine a reasonable fee that calculates your worth.

Your Highest Annual Salary (or what you would like to make) __________________

Divide by 50 (weeks per year)____________

Divide by 5 (work days per week) __________

Multiply by 2.5 (for expenses) _____________

For an hourly rate, divide by 8 ________________ (round up to the next $5 for the min. daily rate)

Total ____________ (round up to the next $1 for min. hourly rate)

Per Diem_____________

Hourly Rate __________

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