Time Valuer / Resources / Glossary / Run rate
Run rate
A yearly figure projected from a shorter period, such as a month.
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What it means
Run rate answers: if things continue like this, where will the year end up? It's a quick way to check an income goal mid-year.
It assumes the period you measured is typical, so seasonal work needs care.
Example
| This month's income | $12,500 |
| × 12 | $150,000 run rate |
| Gap to a $250,000 goal | $100,000 |
In Time Valuer
Compare a profile at your current run rate with your goal profile in Time Valuer to see the gap per hour and per minute.
Related terms
Questions and answers
What is a run rate?
A yearly figure projected from a shorter period, such as a month.
Know what every hour is worth. Download Time Valuer for iPhone.