{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/7fc63233f65e456b804437db33c22a6c\" frameborder=\"0\" width=\"1920\" height=\"1440\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":1440,"width":1920,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":1440,"thumbnail_width":1920,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/7fc63233f65e456b804437db33c22a6c-1320d57f62407ae5.gif","duration":567.723,"title":"Electrcians HRC Tool by Simplified Sparky","description":"This Loom explains how to calculate an hourly rate for an Australia based electrical business so the owner can cover costs, pay wages, and still profit. It accounts for public holidays by state, superannuation, tax, admin versus on tools time, productivity for apprentices, and overheads including business setup costs of about 40 to 50 thousand and ongoing cushions of 30 to 50 thousand. Using examples like 150,000 annual wage and a 30 percent profit margin with about 10 weeks off and 6 service hours per day, it results in an hourly rate around 255 per hour, noting that aiming only for about 10 percent margin drops below 200 per hour and makes the business pointless. It also sets a daily break even floor number concept and shows how increasing daily cleared revenue can add tens of thousands per year."}