Here's some stuff that falls under overhead: writing blog posts (this one took me at least 10 hours to write), networking, sales conversations, keeping my own knowledge up to date. It's not consistently one day, but I'd say on average it is.
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That sounds about right. In fact for some types of billable consulting work, it's probably low. (It was a bit more complicated when I was an analyst because some of the non-production work was client service. On the other hand, a lot of the production work (call it writing) wasn't paid for. So, net, your billable hours per hours worked can be fairly modest.