How to Price Correctly in a Service Based Business
Pricing your services can be tricky. With a lower product cost, many small business owners underprice their services and end up hurting their profits unnecessarily. One of the biggest mistakes is – how to account for the money you pay yourself.
When setting your prices in a service business, you want to make sure you are collecting enough money to cover wages, owners draw as well as your business expenses. In this video, we will walk through the steps you will want to take to price your services correctly.
Don’t leave profits on the table. Price your services correctly and take home the money you should
Want to Dive in Deeper & Learn More About Your Numbers?
Grab Your Free Know Your Business Numbers Reference Guide: https://babolearning.com/KYBNReferenceGuide
Check Out the AFFORDABLE – Know Your Business Numbers Course http://KnowYourBusinessNumbersCourse.com
Want more? Here are some other videos to help…
Pricing Your Products Correctly – https://youtu.be/AQ_mUb1E9MQ
Pricing Your Services Correctly – https://youtu.be/doAKxyRa4pM
How to Read a Profit & Loss Statement – https://youtu.be/x6qdKGnWE0w
PLAYLISTS TO CHECK OUT:
Learn How to Read Your Profit & Loss Income Statement: https://www.youtube.com/playlist?list=PLkSR9dYanvV1YssoiyqLBUlgxYy2hYADj
PLAYLIST: Pricing Your Products & Services https://www.youtube.com/watch?v=X89AFodPA3U&list=PLkSR9dYanvV0yWIzfFldB1sGx7Dfmn3Do3
PLAYLIST: Learning Your Business Numbers Better: https://www.youtube.com/playlist?list=PLkSR9dYanvV1tPjNcLppOPDDBn6i4Sdzw
FREE GUIDES / TOOLS
FREE eGuide: 8 Steps to Earning $100,000 in Income in your small business – http://bit.ly/8Steps100k
FREE eGuide: How to Read a Profit & Loss Statement – https://bit.ly/ReadPL
FREE Start Up Guide for Starting a Business – https://bit.ly/BusinessStartUpGuide
Free Business Health Check: https://localsmallbusinesscoach.com/businesshealthcheck
Free eBook: 10 Questions to Ask in Your Business https://bit.ly/10QuestionsBiz
Books I Recommend to All Small Business Owners – 5 Must Reads
Profit First by Mike Michalowicz – https://amzn.to/3nBsCRC
eMyth Revisited by Michael Gurber – https://amzn.to/3bMDTeR
Building a Storybrand by Donald Miller – https://amzn.to/3y5t0fS
The ONE Thing by Gary Keller & Jay Papasan – https://amzn.to/3yciFi7
The 12 Week Year – Brian Moran & Michael Lennington – https://amzn.to/3R54Smi
TOOLS TO HELP YOU RUN A BETTER BUSINESS
Housecall Pro: https://babolearning.com/housecallpro – Straightforward software for home service pros. Work simpler and grow smarter with Housecall Pro. Easily manage payments, link to Quickbooks, scheduling, dispatching, and more–all from one, convenient platform. Easy to Learn. Want more efficiency in your business? (not gonna lie – affiliate link) But I do believe in it’s ability to help your business!
Check Out the Website: https://babolearning.com
Listen to the Badass Business Owner Podcast
COURSES to HELP YOU
Understanding Your Business Numbers – http://KnowYourBusinessNumbersCourse.com
Start a Local Small Business – http://StartASmallBusinessCourse.com
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DISCLAIMER on Affiliate Links: I occasionally will have some affiliate links & I do earn a small commission but at no cost to you. I only recommend companies or items that I believe will save you time, money or help make your business better
DISCLAIMER: I am not an attorney, CPA, bookkeeper, insurance agent or financial advisor. My videos/podcast are for entertainment & educational purposes only and should not be construed as tax, legal, insurance or financial advice. Please seek out a qualified CPA, attorney, or specialist as needed. I’m sharing my experiences with my businesses and those I have worked for and/or helped coach.
Local Small Business Owners are the Backbone of All of Our Communities!
WHO IS THIS FOR: small business owners who serve their local community, local small business owners, service based business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, carpet cleaners, window cleaners, ice cream shops, QSRs, restaurant owners, mechanics, plumbers, electricians, real estate agents, dog groomers, franchisees, tradesmen, appliance repair, dog walkers, insurance, pet business owners, cake makers & those looking to increase profits, boost sales, improve processes and develop stronger teams. Entrepreneurs who want to make more money. Those who want to know their business numbers better!
#BABOLearning #KnowYourBusinessNumbers #SmallBusinessOwner