By Patricia Ryan Thomas
Starting a home-based business is exciting and rewarding. Exactly how rewarding is up to you. When you work for an employer the costs associated with doing business are hidden. When you hang out your own shingle, it’s important to accurately account for overhead. Expenses like space, equipment, materials, and labor must be calculated.
Of all the challenges, placing a value on your own time might be the most difficult. Money is an emotive topic. Discussing money and what to charge can fluster even the most talented, confident mompreneur.
This article will show you what’s holding you back from charging what your time is worth, and how to fix it immediately.
Do you value your time?
As a woman — and possibly a mother, daughter, sister and friend – you are accustomed to giving your time away for free. Have you ever stayed on the phone with a girlfriend beyond a sane amount of time to discuss her relationship, her decor, or a new pair of shoes? Just because your time is free to loved ones, doesn’t mean it isn’t valuable.
If you have decided to work for yourself as an artist, designer, yoga instructor, content writer, proofreader, tutor, massage therapist, virtual assistant, or event planner – you must have a sound pricing model in order to stay in business and continue doing what you love. (more…)
Posted in Money