How many times do you start looking at the total billings of your business, and wonder why your business isn’t as profitable as you think it should be? The gross revenue is significantly higher than last quarter or even year, but you struggle with making payroll. Are you fully calculating the burdened rate of your agency correctly?

I struggled with this for many years, and it almost even took us under. I kept seeing more and more accounts being won, which made us have to go into hiring mode. There was a huge problem that I wasn’t aware of….

Employing employees costs more than just the salaries or hourly rate you pay.

A business incurs additional costs which includes, non-billable hours, taxes, etc. When I was doing the math, I wasn’t calculating the fully burden cost into the project price or even the hiring decision.

The fully burdened cost is the full hourly cost to employ an employee for the hours they actually work, which includes wages and additional costs. By calculating the fully burdened costs, it allows you to make decisions about which projects you can do and how much profitbility you want.

If you would like the steps you can take to find out your fully burdened rate… click below to download the steps and the exact formula you can use.

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Grow Your Agency

Now you know why cutting ties with team members who have outgrown your agency, what else do you need to do to build the best digital agency possible?

Through my own career and professional life, I have more than likely experienced all if not most of the different struggles you have and can help you with what I have learned. From bad agency clients, developing agency products as well as how you can build authority for your agency.

If you want to grow your agency even further, I have agency growth hacks, the best ways to improve management of your business as well as why building a remote team can be beneficial in the long run.

As well as this, you can learn more about my career as well as tips, tricks and insights by checking out my blogs that cover a wide variety of topics.

I also hear the experience and advice from other successful agency experts in my Ask Swenk series and more of my videos on my Youtube channel.