Correlating hourly rates and turnover

This post is a complement to the analysis undertaken for Artquest in the March – May 2010 newsletters. For more details on our partnership with Artquest click here.

The graph below shows the 2007-8 MyCake benchmark data. That large blue & yellow columns shows that the folks with the best income are also the ones who charge the highest hourly rates.

In the blue columns we have the overall benchmark across all MyCake users.

In the brown columns we see the average, max & min  hourly rates for businesses with a turnover of less than £10,000.

In the yellow columns we see the average, max & min hourly rates for businesses with a turnover of over £50,000.

If you’re a MyCake user you can benchmark your own data (rather than just look at these general results) from in the results section of the benchmark. See this post for a how to guide to reading your results.

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