Going out on your own: Pursuing the Passion 5, 6 & 7

August 3rd, 2009

#5 What should you charge?
Whatever you were earning per hour in your fixed job, charge three times that (at least) to maintain the same lifestyle in the long run.  If you are charging less you are doing yourself a disservice.

#6 Avoiding Financial Burdens
Get rid of all high level debts, do not go out on your own with huge credit card debt or car loans, try to clear these.  These will just give you un-needed stresses and pressures.

#7 Confronting your fears aka being courageous
Starting a business is super hard, going out on your own is even harder.  Be ready to get comfortable with confronting your fears.

Whatever you were earning per hour in your fixed job, charge three times that (at least) to maintain the same lifestyle in the long run.  If you are charging less you are doing yourself a disservice.
Get rid of all high level debts, do not go out on your own with huge credit card debt or car loans, try to clear these.  These will just give you un-needed stresses and pressures.
Starting a business is super hard, going out on your own is even harder.  Be ready to get comfortable with confronting your fears.

Tags:

This entry was posted on Monday, August 3rd, 2009 at 10:27 pm. feed



« What you see is what you have
Impatience is costly »

2 Responses to “Going out on your own: Pursuing the Passion 5, 6 & 7”

  1. Matt @ Kurb Says:
    August 4th, 2009 at 1:56 am

    I reckon you need to be value sensitive when looking at charging, especially in the beginning.

    Every day I got my employees, family, friends counselling me “Well you should really be charging for the extra trouble” – especially employees moaning when I’ve thoughtlessly added a task to their workload that I used to take on myself without blinking.

    And I always think . . . that’s why you have a job . . . while I’m in business.

  2. Ben Young Says:
    August 4th, 2009 at 6:52 pm

    Very very true – avoiding hourly rates and focusing on value based services is a much stronger pricing model (which I cover in some of the upcoming points). The reason I put it in early is to frame in peoples minds what at a minimum their time per hour is… which helps feed into other things.



What are you doing all the way down here? You could:
- View my about page
- Or for first timers the New Here? page
- Or maybe email this to a friend
- Or subscribe to get blog updates