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Tuesday, November 01, 2005

The Value of Your Work

Mind Masters meeting often take many turns depending on what members are working on. Brainstorming topics seem to take on common themes, like valuing the work in a service business both in time and customer perception.

When it comes to getting paid for the time spent on a clients work, everyone agreed tracking the time was important but also that each of us has to value the work we do so we can charge accordingly. No one wanted to be an unpaid consultant. The market sometimes dictates the prices that can be charged, so knowing the market contributes to the value of what we do.

The frustration comes about when clients question the cost of the completed work. That is where policies are important to have in place, like “our policy is we get 50% to start, or we need a credit card number to hold your appointment." Reviewing the areas that we stumble over, helps to develop the policies that work for each business. Check out www.mindmasters.com for a meeting time to get in on some of the things that challenge you .

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