Inspired Solutions

26 January 2006

As I heard the story told, it went something like this:

Henry Ford’s assembly line went down. Teams of engineers tried everything to no avail. Losing money by the minute, Ford called Thomas Edison. Edison arrives, spots the problem and instructs the engineers. Ford’s dollars start flowing again. Two weeks later Edison sends Ford a bill for $10,000. Ford replies by letter that Edison was only on site for a few hours and he (Ford) needs an itemized invoice. By return mail Edison provides this itemized invoice:

  • Time on site......$100.00
  • Know-how.......$9900.00
  • Total due......$10,000.00

It’s a story representative of what a designer or expert in any field faces when billing for services. Read what Andy Rutledge has to say about staring at ceiling tiles and billing for your results.

Filed under:

  1. ruminator    30 January 2006, 13:40    #