Value your work, do not be afraid to get what you deserve.

We already know the type of value we are providing with our business and therefore the value we represent to society. It is always a difficult moment when we are starting a business to define our price for the service we offer. But our work in fulfilling a social object of importance to other companies begins to take on a different flight than when we are just giving advice. We are being the paradigm of success, we have business studies, experience in the field, interpersonal relationships, creative ideas, vision and something very important, willingness to share our knowledge and learn in the process. In this meeting we will offer you more interesting arguments to value your work and know where the price of your service comes from.

Personal expenses.

You may ask, what do my personal expenses have to do with all this? Well, let me remind you that we are the company. As a Coach, we are the company that the client comes to. Your job is to support you because you are the main source of solutions for the client because you have the experience, creativity and mentoring that the client needs. Your income should cover personal expenses such as food, rent, water, electricity, telephone, in short, basic necessities to live as any person deserves. Taking into account personal expenses is vital to know if our business is sustainable for us.

Business expenses.

How do we know if we are establishing a good price for our service? Within this dynamic of giving value to our work we can start by knowing how much it costs us to maintain our business. We can take into account for our expenses the supplies, how much marketing and advertising costs, the software you use to work, subscriptions to important pages for the business, rent of the premises (if necessary), employees, professional fees, production costs, manufacturing and maintenance (in case of manufacturing products). The internet is essential to keep your business active, for communications, socialization and visualization of your business to your customers in the world. If we run out of internet we run out of business, an important part of your income must be destined to be constantly connected to the world. The ideal would be to establish the calculation by month or weeks. It is important to take into account all the business expenses in a systematic way because an error in the administration of our company can lead us to face internal difficulties that we must avoid such as cancellations or debts due to lack of payments.

Working hours.

Consider what your income could be according to your working hours. As you know the time you dedicate to work is what can determine how much you will earn per day, week or month, to know what your future expenses could be. Calculate what would be your minimum income for your business, this would be what you will have as profit to sustain the business. The income above your minimum income will be what will bring a profit for you as a person outside the business. Your time is the indispensable resource to put to produce your company, for that reason you must administer it as rigorously as the economy of the business; lost time is lost money for you and for your company.

Pricing your services.

The price for your product or service is subject to two significant influences on your business. If you ask for a low rate you risk your company falling into a low-cost market and you will have to sell many services or products to reach the economic goals you have predicted. You also run the risk of giving a good offer that may lose its attractiveness to the customer because