Thursday, June 21, 2012

ProGen Study Group

I am currently working on a contract for research and a fee schedule for my ProGen Study group

Our assignments for this lesson are:

· Chapter 6 – Executing Contracts by Patricia Gilliam Hastings J.D.
· Chapter 10 – Setting Realistic Fees by Sandra Hargreaves Luebking
Unfortunately, I can't seem to get these finished as early as I'd like to, although in my defense I did just get back from Michigan for a wedding so things have been a bit hectic of late.

The first thing I plan to do is come up with a simple contract.  Most of the examples I have seen divide general research and speaking duties, but to save time I may include them both in one form and see how it flies with the group.

Next, I need to identify my annual salary needs by determining billable hours, calculating the hourly fee and profit margin. The formula for setting fees is: Hourly Fee = (Salary + Expenses + Profit) / Billable Hours.  

Since I am not currently considering quitting my job and relying only on genealogical research for my living, this is more of an exercise for the future, but at least I'll have something to draw on when the time comes. 

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