Freelance work is fun, hugely varied, and when the right job comes along, intensely rewarding. But one of the toughest questions has to be answered before you even begin:

The price of a billable hour seems easy to find at first, but how do you weigh in everything? Expenses? Expertise? Hours you’re not paid for? Is it worth undercutting yourself just to get a foot in the door? In this video, Elaine Grogan Luttrull (Assistant Professor of Business and Entrepreneurship at Columbus College of Art and Design) tells you exactly how to settle the math.

This content comes from Financial Systems for a Successful Studio, part of the Program Money Matters for Creative Entrepreneurs.

Money Matters for Creative Entrepreneurs