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The Art Of Coaching

E193 | What To Charge For Your Time & Expertise: A Deep Dive

The Art Of Coaching

Brett Bartholomew

Health & Fitness, Business, Education

5642 Ratings

🗓️ 25 October 2021

⏱️ 85 minutes

🧾️ Download transcript

Summary

The prospect of assigning a dollar amount to your time can evoke feelings of frustration, guilt, confusion and imposter phenomenon.  And yet, whether you're salaried, hourly or a business owner / entrepreneur, it’s essential to know what your time is worth. Not only will this calculation help you to decide between opportunities, it’ll allow you to communicate your value and build a healthy relationship with money.    Today’s episode will be a deep dive into how to confidently communicate what you’re worth, decide what to charge and how to not feel guilty doing so. We’ll discuss tactical strategies for understanding what variables should go into your decision as well as:   Two different strategies for calculating what your time is worth Why it doesn’t matter what you charge so long as you OVER-deliver How to train yourself out of poor habits / unhealthy relationships with money How to know when and what to give away for free   If exercises like this are helpful, you’ll get tremendous value from our Build Your Brand Workshop. We aren’t afraid to charge for this 2-day intensive workshop because the information shared and the value you’ll gain from networking and learning how to apply these principles to your business will be incomparable.    This is one you WON’T want to miss- artofcoaching.com/brand.   Today’s episode is brought to you by our incredible sponsors: VersaClimber: Our favorite low-impact, efficient cardiovascular strength workout! - Tell them Brett and Art of Coaching sent you! SAGA: The best wireless, bluetooth enabled BFR cuffs - COACHBRETT20 = 20% off  Connect out our co-co-host Jake Swart: Via Instagram: @docjakeswart Via his website: https://www.athletespotential.com/ Via his podcast: The Active Atlanta Podcast

Transcript

Click on a timestamp to play from that location

0:00.0

I feel guilty charging people for my time.

0:16.0

I don't even know what to charge if I did.

0:19.1

These are things that people say all the time, and it's not something to be made fun of,

0:23.4

it's not something that is a stupid problem.

0:25.5

These are totally rational things to struggle with because not all of us have this kind

0:29.5

of background and because sometimes we have in posture phenomenon or because maybe we

0:33.5

didn't have somebody teach us.

0:35.2

That is what today's episode is all about.

0:37.4

So if you've had a different attitude towards money and you're somebody that wants to make

0:41.1

a difference but you just, you know, the economics of it is uncomfortable and you hate having those discussions,

0:46.1

or maybe you're on the outside looking in

0:47.6

and you're wondering why people charge

0:49.1

what they do for certain things.

0:50.8

This is the ultimate episode to listen to.

0:53.2

Now I promise guys, like, there are certain areas

0:55.6

where I'm really confident about things

0:57.2

and I'm not gonna apologize.

0:58.6

There are times where I don't think that this is overblowing it when I say, in my opinion, this is the best episode

1:06.3

you could listen to hands down,

1:07.8

regardless of industry about this stuff.

1:09.9

And I know because I had listened to so many episodes,

1:12.3

I tried no fewer than a hundred

...

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