Starting off the New Year Right
Reflecting on the old and new year
Issue: 10.2 (January/February 2012)
Author: Bob Keeney
Article Description: No description available.
Article Length (in bytes): 3,547
Starting Page Number: 61
RBD Number: 10211
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Excerpt of article text...
The first of the year is always a good time to reflect on the previous year and count your blessings and forgive yourself for your past mistakes. It's also the time where we make our resolutions for the new year. Most of us make personal resolutions but I think doing some as a business owner is good too. As a business owner, let's look back at the previous year and then make plans for the new year.
Were you profitable last year? If you were not, what do you think were the causes? Certainly many were caught up in a bad economy but some of us probably weren't pricing our services high enough to survive when we didn't have work. The price you charge just isn't an hourly rate for a job, it's also a price that you can live on when you don't have a project to work on.
Perhaps it's time to look at increasing your rates. I know that some are real hesitant, but when I've done so in the past I have not had many complaints from clients. Sure, no one wants to pay more than they need to but, honestly, if they balk at your hourly rate they probably couldn't afford anyone else either. Some clients just aren't worth having.
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