So, I've done some rough #'s in my head and it often leads me to scratch my head and wonder why providers aren't, well, reasonably wealthy. I'm not saying rich, but the number of providers who can't seem to keep a car kinda surprises me! So, then I got to wondering - do any of you ladies have a business model or plan? I'd love to be a fly on the wall in the powder room (well, for a huge number of reasons.) But it is clear to me there must be more to this than I realize because as a straight cash business at ~$200/hr, it doesn't seem like it would take much to put together a pretty good life!
My rough $'s
$200/hr * 2appts = $400/day @ 5days/week*4weeks = $8000/month
-$1000/mo apartment (I realize this varies a *lot* but I like my math easy)
=$7000/mo net proceeds from the *business*.
I'm assuming one seldom pays more than around 50% of their revenue in taxes (I'm not pointing fingers but if I had an all-cash business, I don't think I'd pay more than that!) So, you take home $3500 cash and $2700 after income tax or $6200/mo. That's ~$74000 in take home or the rough equivalent of $100k a year in salary.
I'm no expert, but I think that would pay for a house, car food and a little extra fun money... What am I missing?