488. Just Jacq Q&A - Staying Small & Pricing Your Time
The Product Boss with Jacqueline Snyder
Jacqueline Snyder
4.8 • 961 Ratings
🗓️ 6 July 2023
⏱️ 24 minutes
🧾️ Download transcript
Summary
Welcome back to another “Just Jacq” episode of The Product Boss Podcast! We're thrilled to have you here with us today. We've been receiving some incredible "ask us anything" questions, and we can't wait to dive into them and share our insights with all of you.
The first question we'll be addressing is: "How do you effectively add time into pricing? How do I pay myself?" It's an important aspect of running a business, and we understand the challenges it can present. We'll explore different strategies and approaches to help you determine how to appropriately account for your time and ensure you're paying yourself what you deserve.
The second question we'll be discussing is: "What are your thoughts about staying a small business on purpose? What if your business is just a job you created for yourself? Is there a number attached to it?" These questions touch on the idea of intentionally choosing to remain a small business and finding fulfillment in that choice. We'll delve into the concept of purposefully embracing the size and scope of your business and how you can measure success beyond just financial metrics.
Remember, if you want to ask us anything or have your questions answered on the show, make sure to follow us @TheProductBoss or @thejacquelinesnyder. And if you're part of Multi-Stream Machine, keep an eye out for opportunities to ask us questions during our live podcast recordings.
Resources:
- Want a guide to over 308 business tools and resources to help you effectively run your product-based business? Slide into our Instagram DMs and message us “guide” or Visit theproductboss.com/resourceguide to get this FREE download today!
- Clockwork for Product Bosses with author Mike Michalowicz
Connect:
- Website: theproductboss.com
- Instagram: @theproductboss
Transcript
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| 0:00.0 | And then how do you pay yourself? |
| 0:01.4 | Great question. |
| 0:02.6 | You start to, you price correctly, |
| 0:05.2 | you have the right margins. |
| 0:07.8 | You have to sell to make enough money back |
| 0:09.9 | to pay back for the product, |
| 0:12.0 | and to have enough margin to start to pay yourself and |
| 0:14.6 | team members. Does it happen right away? Absolutely not. |
| 0:21.6 | Welcome to the Product Boss Podcast, where we're dedicated to helping product-based |
| 0:25.6 | business owners turn into revenue-generating successful, happy product |
| 0:29.3 | bosses. I'm Jacqueline Snyder and I'm Meena Kuno-Cetep. |
| 0:33.8 | Together through digital courses, coaching and masterminds, |
| 0:37.1 | we've helped over 50,000 students from startup |
| 0:40.1 | to multi-million dollar businesses scale their sales while blending in their dream life. |
| 0:46.7 | It gets lonely out there in the product business world. We fully believe a business shouldn't be built alone. |
| 0:52.0 | There's room at the top for all of us. |
| 0:54.8 | So let's get scrappy and creative together product boss. To be profitable, make more sales and |
| 1:00.5 | grow your visibility. Are you ready? Let's dive in. |
| 1:07.0 | Hey Mina, is it just me or does AI seem to be the latest trend? It's like everywhere we |
| 1:12.1 | look and everyone we're talking to |
| 1:14.4 | is creating or using some type of AI tool to help move their business forward. |
| 1:18.8 | Agreed. AI is definitely changing the game right now, especially for business owners. |
... |
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