From Financial Stress to Success: The Power of Proper Pricing
Tradie Business School Podcast · The Game Changers
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Show Notes
One of the biggest challenges business owners face is pricing their jobs profitably. Getting caught up in the excitement of getting a new client or a big job is easy, but if you don't have your numbers right from the beginning, it can lead to financial stress and potentially losing money.
Good news! Our host Adam Spencer and co-host Brian Santos, teach you how to quote and price your jobs effectively. They provide a calculator and break down what you need to charge, which can be daunting for some people.
If you're worried about your competitors charging higher prices than you are, you need to focus on your numbers to ensure that you're making enough money to cover your overheads and pay your employees well. By doing so, you can retain the a-players and not have to chase cash flow constantly.
It's time to stop working harder and start working smarter by focusing on the value you bring to the table!
Discussion Points:
- 00:00 Welcome to Tradie Business School Podcast
- 01:07 Are There Any Instructions When You're Doing Your Quotation?
- 02:53 What Are the Repercussions of Not Having Accurate Figures?
- 05:13 Business Owners (Sometimes) Lack Training in Some of Their Business Aspects.
- 06:39 Explained: What is an Hourly Rate?
- 08:05 Are You Making Enough Profit to Cover Your Overhead Expenses?
- 09:46 More Work is Not Equal to More Income
- 12:09 Negotiation is the First Skill We Learn in Our Society
- 14:24 We Have a Calculator for Determining Profitable Pricing
Resources:
- If you need assistance if you're quoting right, send an email to [email protected].
- Chat us at [email protected].
- Visit the Tradie Business School website (https://tradiebusinessschool.com/)
- Join us on our FREE Facebook Group (https://www.facebook.com/groups/gamechangingtradies)
You can also connect with us on https://au.linkedin.com/company/the-game-changers. For more podcast episodes, visit our website at https://tradiebusinessschool.com/.
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