As you start your business, you will find that many people you end up needing to work with operate on something called “billable hours.” Pre-Skimm life we never worked in jobs where this was something we had to deal with. In fact, Skimm A may have freaked out a job interview because she didn’t understand how one bills for “I’m eating lunch and playing on Gilt.”
Billable hours are a necessary evil we’ve learned. Lawyers use them. Accountants. Consultants. Designers. Therapists. The concept seems simple enough—pay as you go for the time you are taking.
Turns out that concept is not so simple, as we have received bills for talking to people about how much we might need to talk. We have received bills for emailing a very quick question and being charged for a very pricey hour. We have received bills for the time it took to take someone to lunch that we paid for.
New Entrepreneur Lesson of the Day: ALWAYS ask if and when you are being charged.
As you know, we publish a newsletter every morning at 6A ET. But we don’t write ALL day and many of our readers, friends, and sometimes parents have asked ‘what do you do all day’? ‘Do you just sleep?’ Short answer: No.