Browsing Category Business

What should I charge my clients?

smiling happy woman with a bunch of money, twenty dollar bills

A comprehensive guide to curing your indecision

If you’ve recently gone into business for yourself, you might be wondering what that magic number is. What should you charge your clients? The answer is: It depends. This question can often be met with both frustration and indecision but here are a few helpful things to consider as you try to decide:

EXPERIENCE & SKILL SET

Your experience dictates just how well you know your subject. Do you have a standard knowledge of your field or is it specialized? How long have you been in the profession or how long have you studied it? More often than not, someone who has been doing what they do for five years, would request more pay than someone who has been doing it for one.

EVERYBODY ELSE

What are other people in your profession charging? This question is and isn’t a good way to gauge what you should charge your clients so don’t let this be the only factor you consider, as it will vary depending on industry. For instance, if you’re a therapist, there is no limit to what you can charge a client. If you’re a yoga teacher, you can only charge so much for a yoga class, as people offering these types of standard services usually try to match the price of others. However, if you’re a yoga teacher that is offering private classes, yoga teacher training, and/or a yoga retreat, then the spectrum of price changes entirely and can vary greatly.

YOUR EXPENSES

Building a client base can take time and it also takes time to find your own groove, in anything that you pursue. While numbers may not be everyone’s forte, don’t let them scare you. With some some simple math and a handy calculator, you can easily reduce your anxiety regarding what to charge your clients by considering all your expenses.

What will it cost to operate your business? Will you be the only employee? Do you require an assistant or will you be hiring other professionals to offer the same services that you do under one roof? When you understand your costs, you will realize what rate is and isn’t worth settling for. You can’t consider a rate that will make you lose money otherwise the business won’t persevere. Sure, you could consider a rate where you break even, as in being able to cover all your expenses void of a profit, however you want to strategize on how you can scale your business over time. By doing so, you will be able to build a reputable business you can be both proud of and comfortable with.

Continue Reading
0 Comments

Want success? Here are 6 ways you’re saying “I can’t”

brunette-model-success

Are you saying “I can’t” and don’t even know it?

Our self doubt can often be cloaked. What is the language that you use to stop yourself? If success is on your mind, it’s important to know all the ways you’re saying “I can’t.”

1. “I dont have the time.”

If time is a man-made thing, does it really exist? Don’t some days feel like weeks and some hours feel like minutes? Time is real only in our perception of it, meanwhile we are living the past, present and future every day. For someone who operates from this mindset, I cannot stress how important changing your perspective is. If you do not have time, you learn to make time. (And it is going to take time and practice for you to understand such a phenomenon.) You learn to be flexible, not just in your availability but in your mind. How do you make time? It is simple. Study it. Study your habits, days, your hours, your minutes. “Where did all the time go?,” we may say. Well, wherever you let it. Once you realize what your day encompasses, you will be baffled by how much of it you really have.

“Do not try and bend the spoon, that’s impossible. Instead, only try to realize the truth…there is no spoon. Then you will see it is not the spoon that bends, it is only yourself.” ―Spoon Boy to Neo, The Matrix
Continue Reading
1 Comment

How one woman went from making furniture to making bank

Ibukun Awosika had never worked in finance a day in her life but somehow managed to become a financial success. In fact, she has a degree in Chemistry and used to manufacture furniture for a living. So, how did a furniture maker land the position as first chairwoman in the history of Nigeria’s largest bank?

It all began when 25-year old Awosika resigned from her showroom manager position at Alibert Nigeria Ltd. in order to start her own furniture manufacturing company, The Chair Centre Ltd. (formerly known as Quebees Ltd.). But how? Awosika wasn’t supported by angel investors, and she wasn’t sitting on a cash payout or an inheritance. As a new entrepreneur, she was unknown and had no advantages over larger furniture manufacturers that had been in business for years. To top that, manufacturing costs kept rising higher and higher due to economic difficulties caused by years of industry mismanagement.

Continue Reading
2 Comments

How to design a workspace that facilitates health

In the 21st century workplace, experiencing strains and work-related illness can be all too common.

The dynamics of work itself are changing, and specialists in the field of Industrial/Organizational Psychology (yes, it’s a mouthful) have been applying psychological concepts and principles to seek improvement for both the organization, and the individual who works within it. Interestingly enough, professionals are beginning to embrace notions that completely contrast assertions rooted in theories of scientific management, which sought the most effective methods of performing a task with little concern to laborers involved (Barling and Griffiths, 2003).

What are the consequences of laboring endlessly in a cubicle? Would you consider your mind and body well if you engaged in the same repetitive task for hours on end? How about if the demands for your job were incredibly stressful, and you lacked the support and control to adjust the manner in which you went about your responsibilities? Think about this, in the 1960 lawsuit Carter v. General Motors Corporation, a line worker successfully sued after claiming that working 8-12 hour days performing the same function, endlessly, actually made him mentally impaired!

Work is such a crucial component of our lives and our time is too precious to be spent on the mundane, day in and day out.

Continue Reading

0 Comments

Dress For The Job You Want: Why the devil is in the details

“Dress for the job you want, instead of the job you have.”

“The clothes make the man!”

We hear these and similar sentiments often, and seem to associate dressing better with doing better and achieving more in the workforce. But is there actually evidence that “dressing for success” works? How? Do certain clothes make us do better, or are we just perceived differently?

In the business world—with interviews, meetings, and presentations—appearances do often set a first impression.

We tend to consciously and unconsciously judge people based on what they look like, including what they wear. While we may be judging based mostly on [socially conditioned stereotypes], we are still making decisions toward and assumptions about people based on their outward appearance. These assumptions can be completely accurate or completely inaccurate; it’s impossible to know if we don’t look at a person’s achievements and work habits.

Continue Reading

0 Comments

Tony Robbins on the Science of Achievement

Inside Quest: Tony Robbins on the Science of Achievement features Tom Bilyeu, one of the founders of the successful power-bar company, Quest Nutrition, and one of his biggest inspirations, Tony Robbins, the philanthropist billionaire and master strategist. Tony may have had humble beginnings, but during the interview he discusses the traits and foundations that can be not only the key to success, but also the basis for personal fulfillment in all that you do. His book, Money: Master the Game, offers self-help and a path to financial independence for his avid readers.

The interview between Tom Bilyeu and Tony Robbins is sure to strike a chord with viewers of all kinds.

Continue Reading
0 Comments

What could ADHD and workaholism possibly have to do with one another?

We’ve screwed up talking about ADHD.

It’s easy to attach your worth to your accomplishments, behaviors, and status. It makes sense, doesn’t it? That’s how we value everything. If something performs well, like an iPhone, then it’s worth a whopping $700. We tend to do that with people, too. If you see someone not “performing” well in their schooling, then it’s easy to label them as stupid, immature, or worthless. Adults and children with ADHD endure the pangs of unreachable standards everyday of their lives.

WE LIVE IN A SOCIETY THAT IS TERRIBLE AT ACCOMMODATING OR DISCUSSING MENTAL ISSUES.

Continue Reading
0 Comments

Evansville public housing in for a treat as private developers come to the rescue

Evansville, Indiana is home to a diverse range of citizens.

Business owners, young married couples and families inhabit this unique city. Evansville is known to be a large trade area for Indiana, Kentucky and Illinois. The city has many charms; from the beautiful parks overlooking the Ohio River and a unique Main Street downtown that takes on the shape of a winding snake. However, change is occurring in Evansville. Two downtown buildings will be renovated for public housing, thanks to a generous private investment company taking interest and made possible by an Obama administration policy. Three additional properties will also be renovated due to this new initiative.

Evans public housing with the help of Flaherty & Collins Properties decided to reinvest into their properties over the next 18 months to create more suitable accommodations and to integrate with the existing Evansville communities. Evansville will have a total of eight locations for public housing, and will affect over 500 people thanks to the many upgrades some buildings will receive.
Continue Reading
0 Comments