The Cost of Time

In order to set the price of creative goods and services, you’ll need to know the costs involved. Obviously you cannot afford to sell things for less than they cost! It’s useful to know the break-even point, if only to set an absolute minimum price. As the price goes up from there, so does the profit. But what are the costs of producing creative goods and services?

Car Expenses & Buying hardware … how to represent these in your books

As there are a lot of folks doing their self-employment tax returns at the moment we’ve decided to do a few posts in answer to commonly raised questions (so if you have questions send them over We’re pleased to be collaborating with Kirsty Andrew of Frank Alice (as she’s a chartered accountant and we’re not!). Read the full article…

Do I, don’t I, do I need an office?

How do you work out whether you need an office or studio space? It’s a significant part of your cost base if you do so it’s worth looking at the pros & cons. If you don’t what are the reasonable substitutes? If you do how do you choose? Questions to ask yourself: Do I mostly Read the full article…

How does your hourly rate compare?

What hourly rate do you use in your costings? Well here’s how MyCake users vary: Great news – there are a bunch of you in this top over £100per hr bracket. Mostly this crowd is selling time in various forms of service – design, management, web and graphic work. Reasonable news – the middle groups of Read the full article…