Karla Dennis, EA, MST & CEO of The Award Winning Tax Accounting Firm, Karla Dennis and Associates Inc. —Specializing In Tax Planning. getty One of the most difficult things for service industry businesses is to figure out how to price their services. By “a service,” I mean when you are physically doing something for someone. How do you price that? Here are three common pricing models for service businesses and some factors to consider when pricing your business services. Hourly Pricing Model When you are pricing your services, it’s so important for you to understand the mindset of the person you’re doing business with. By this, I mean that depending on what type of business you have, most of your customers likely have a job. They may be paid hourly, so they may be thinking that you should price your services hourly. However, keep in mind that if you are pricing your services hourly, you’re exchanging time for dollars. There are only so many hours in the day, so you are automatically putting a ceiling on how much money you can make. The hourly pricing model could do well, however, for businesses that are just starting and do not […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
