“...Billing $250 an hour. Not bad....”
Was in the oil/gas business....exclusively in the field; both pipeline & oil/gas treating facilities construction. Consulting engineering/construction manager for the entire region with over 40 years of hands-on experience and knew “the business” very well.
Keep in mind, the tons of OT, per diem and travel in that number too.
FWIW, in early 2012, I purchased a brand new Ram 3500 CTD and by the end of December that same year, I had almost 110,000 miles on her. My office was my truck...practically lived in it. Due to the need for reliability, I traded trucks every year.
But yeah, you got a fairly close estimate....a little bit high, closer to $210/hr billing and earned every penny of it. Like I said; away from home, out in the middle of nowhere and working dawn to dusk, 7days/week. Looking back on it, it was insane....LOL...but $100+/barrel oil (condensate) was like liquid gold at the time. They were depending solely on us to get it to market asap.
LOL — I was just showing off my quick ability to go from annual to hourly (folks: there are apx. 2,000 hours in a year so the math is easy).
Did you bill your expenses or eat them? So far I have billed them but if I really needed to I have a magic number in mind that would cover expenses and still give me the income I want.
My industry is IT — implementing ERP (Payroll, Financials, HR, etc.) systems for very large clients: Fed Govt, State and local, $1B+ firms and the like.
I don’t bill like you do but I do well enough and don’t have all that wear and tear. But this is AFTER amassing 3 million air miles (all Continental North America) and 2000 hotel nights as a consultant for a Worldwide consultancy.
But I would not trade being my own boss (well, I report to Mrs. FD who majority stockholder and CEO) for ANYTHING! I should have done it 10 years ago!