One of the biggest challenges for a business owner is deciding whether doing a particular task is worth it. Here’s a simple way to make that choice. Calculate your effective rate for any unit of time (hour, day, week, month, etc) by taking your annual salary and dividing it by the number of units you worked. For example, if you were paid $100,000 last year and you worked a standard full-time work year with 2 weeks of vacation, your effective rate would be: $50/hour ($100,000 ÷ 2,000 hours)...
