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A Well-Designed Business® | Interior Design  Business Podcast

913: Power Talk Friday: Terri Taylor: The Importance of Money Mindset in Charging Your Worth

A Well-Designed Business® | Interior Design Business Podcast

LuAnn Nigara

Business, Design, Arts

4.8786 Ratings

🗓️ 15 September 2023

⏱️ 66 minutes

🧾️ Download transcript

Summary

Today With Terri Taylor: Welcome to a Well-Designed Business. For today’s sponsored show, I’m excited to welcome back Terri Taylor, creator of the Interior Design Business Academy – an education and coaching resource that provides a unique mix of business strategies and systems along with powerful positive mindset practices to help interior designers create meaningful success. Today, she is giving us an inside look at her upcoming Design Biz Summit—a 3-day event to help designers shake their mindset breaks and develop the skills to know their worth, charge it, and deliver on it. She’s also sharing her insights on the importance of having the right money mindset—and what you can do to stop undervaluing and undercharging. Pick It Apart [1:03] Terri discusses how our money mindset forms when we are children and impacts the way we function in our business. [3:11] Terri talks about the money mindset of the luxury client. [18:30] Terri and LuAnn talk about the importance of learning both mindset and skills. [29:29] Terri breaks down why you need to be able to create budgets for your client. [47:43] Terri discusses the Design Biz Summit and what you can get if you sign up today. LuAnn Nigara and Terri Taylor's Ah-Ha Moments “I realized quickly that if you didn’t shift your mindset about what you thought was possible, all the checklists and contracts and lists and scripts we develop to make it easier are no good because you don’t believe it can happen.” -Terri   “You can’t attract what you resent.” -Terri   “It's interesting, because successful super uber-successful people do have similar characteristics and traits, in the way they run and manage their entire lives, to your point of making time for creativity, making time, for space for travel, for all of that stuff, they are not necessarily working 90 hours a week, right? They understand when to work, when to create when to you know, dream, when to take care of themselves, when to do all the things.” -LuAnn More About Terri Taylor Terri Taylor is an award-winning interior designer turned business coach who teaches and mentors designers on how to create thriving businesses and own their worth. Terri has more than 30 years experience in the interior design and construction business. She’s been featured in regional and national design publications and is a sought-after guest speaker at national and international events.   She speaks on a number of topics related to the business of interior design, including business practices, sales, marketing, mindset, leadership, success, and personal growth.   As host of the Interior Design Business Podcast, Terri brings her clear, proven, and repeatable step-by-step “recipes” for attracting ideal luxury clients along with her overreaching attitude of gratitude, abundance, beauty, and joy for creating long-lasting and meaningful success, to a growing audience of interior designers each week.   In 2009, Terri created the Interior Design Business Academy – an education and coaching resource that provides a unique mix of business strategies and systems along with powerful positive mindset practices to help interior designers create meaningful success.   Over the past 10+ years, Terri has coached hundreds of designers to grow their businesses to 6- and 7-figures with grace and ease. She’s known as a straight-talking ‘technical expert’ when it comes to streamlining your design business.   Her value-packed events and coaching programs are all designed to move you and your design business to whole new levels of getting paid what you deserve.   Terri connects with heart-centered designers to help grow their business strategy, accountability, and profitability  - all while undergoing a beautiful personal transformation. Connect with Terri Taylor Website Instagram  Blog Other Shows Mentioned: #548: Terri Taylor: Calculating Flat Fees & Budgets   #602: Terri Taylor: Interior Design Business Academy 2020 Summit   #662: Power Talk Friday: Terri Taylor- Stepping Into Profitable Kitchen Remodels. Sponsored Show: Interior Design Business Academy   #710: Power Talk Friday: Terri Taylor- Get Paid What You Are Worth. Sponsored By Interior Design Business Academy Summit 2021   #763: Power Talk Friday: Terri Taylor- The Real Deal and Charging Your Worth   #813: Power Talk Friday: Terri Taylor- Design Fees VS Hourly Billing- What Are Flat Fees the Way to Go?   #829: Power Talk Friday: Terri Taylor- Fly the Plane While You Build It!   #865: Power Talk Friday: Terri Taylor: The Real Deal When Working with Contractors on a Remodel

Transcript

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0:00.0

Welcome to a well-designed business.

0:12.0

My name is Luann Nygaara, and I'm so glad you found this podcast.

0:16.0

Together with my husband Vince and our partner Bill, we have grown our company Window Works from the ground up.

0:21.8

So I know and I understand the challenges you face in running your interior design business.

0:28.2

I also know that your talent alone isn't enough to ensure your success.

0:33.2

So on this podcast, we talk about strategies and practical steps to help you grow your business.

0:39.6

But make no mistake about it, we have our share of fun here, too, mix in with those aha

0:44.6

moments that I love so much.

0:46.8

This isn't fluff.

0:47.8

Nobody has time for that.

0:49.5

Whether you are a new interior designer or a season designer, I am here to help you create and to manage the kind of interior design firm that you dream of.

0:58.9

It's straight talk and it's action.

1:01.1

Are you ready?

1:02.1

Let's get started.

1:06.8

Hi, welcome to a well-designed business.

1:08.7

For today's sponsored show, I'm excited to welcome back

1:11.5

Terry Taylor, creator of the Interior Design Business Academy, an education and coaching

1:16.7

resource that provides a unique mix of business strategies and systems along with powerful,

1:22.6

positive mindset practices to help you create meaningful success. Terry has appeared on the show many times

1:29.0

and is one of our resident experts on budgets, knowing your value, and charging your worth.

1:35.1

In the past, she has shared with us a breakdown of why flat fees are better than billing

1:39.6

by the hour, how to calculate budgets on the fly, and some of the barriers that you face that keep you

...

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