Service Income Analysis Form

Service Income Analysis Table Directions

Unlike retail or product companies, service companies are limited by time. This involves both evaluating your income potential and your need for other associates. This template allows you to simply compare and estimate the earnings potential of one provider under different circumstances. It shows the following variables:

• Hours available per year which can be modified. We used 48 weeks at 38 hours per week , 5 days per week which totals 1824
• Average hourly fees after discounts, allowances, or quantity
• Percentage of time spent actually working. You must estimate down time, administrative time, selling time, etc.

The Chart shows income before other expenses for a variety of expenses. It also allows for comparing differences in fees, or actual billable percentages .

For example, if you charge $50 per hour, and work 50% of the time, you will earn $45,600 per year. However, if you increase your marketing and work 70% of the time, you would earn over $63,000. Or, if you charged $ 40 per hour and worked 70% of the time, you would earn $51,000. Thus, this tool allows you to calculate both income and the potential outcome of different strategies. Also, remember, you will have some non-billable hours for administration, selling, and off-hours.

free service income analysis template

Dr. Bert Shlensky, President of Startup Connection, offers experience, skills, and a team devoted to developing and executing winning strategies. We guide your plans for business success & unlock your profits. Our process includes clear steps, and over 150 free articles and templates to facilitate your efforts and guide your process. We’re here to help you get on track and stay there as you move forward.

We welcome comments, suggestions, and questions. You can write us at: bshlensky@startupconnection.net or call at 914-632-6977