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Mavenly + Co. Podcast Feature | Pricing Your Work For Profit

Back in 2017, I had the absolute pleasure of sitting down with the ladies at Women, Work and Worth Podcast by Mavenly + Co. to talk all about pricing your work for profit. And let me tell you, this podcast episode is still one of my favorites to date.

For those who’ve been around here for a while, you know that my favorite topic of conversation is based around money. But for those of you who may be new, you might be wondering:

why money?

As a former Fortune 100 financial advisor turned business consultant for creative entrepreneurs, I’m on a mission to bridge the gap between the world of money and creative entrepreneurship so you can feel confident in your finances, clarity in your direction, and freedom to go on creating just as long as your heart desires!

My belief is simple: Business doesn’t have to mean hustle and client-work grind ‘til midnight. It doesn’t have to mean skipping paydays. It can mean margin, and it can mean rest.

From women starting their own business, taking a side-hustle full time or even simply doing something they love as a hobby, chances are you have to think about money, how to price your services effectively and how to do it all in order to actually make a profit.

Yet, we often avoid the conversation of money altogether. So today, I’m sharing with you one of my favorite podcast features digging into the nitty gritty of why pricing yourself for profit is the number one most important thing you can do in your business.

Women, Work and Worth Podcast Feature by Mavenly

The importance of pricing your work for profit with Shanna Skidmore

In this podcast feature I’m excited to discuss how to gain a better understanding of money in your business, what you should consider when pricing your work, and an overview of the must-know numbers for your business. We dive into the importance of money-mindset, identifying your money personality, and how to set expectations for your clients.

If you are excited about starting something of your own, but the idea of money management seriously scares you, then this podcast episode is a must listen.

If you’ve ever struggled with making a profit or dread the upcoming tax season for fear of what you’ll learn about your profit, then this episode is for you.

If you need confidence and clarity around your business finances that you’ve never had before, then this episode is for you.

Let’s dive in shall we?

A FEW HIGHLIGHTS INCLUDE :

  • Where to start with money management for your business (15:15)
  • When is your business a “real business”? (17:45)
  • Knowing what you want from your business from the very beginning (19:00)
  • Why it’s important to know your money mindset/personality (20:10)
  • The numbers you need to know in business (21:43)
  • Take yourself on a “money date” once a month and why that sets you up for success (26:05)
  • Why 70-80% of small businesses fail in the first 10 years hint: it involves money (28:28)
  • How creatives can structure pricing (33:20)
  • The nitty gritty of pricing for profit (35:10)
  • Defining the “done point” of your work + what’s included and what’s not (40:40)
  • Why I encourage you to take sabbaticals to recharge and dream big (51:00)

NEXT STEPS :

Did this episode give you all the feels and help you understand that knowing more about your money is crucial to running your business? Then I’ve got something special for you.

If you feel like everyone and their Instagram accounts are telling you to “to this”, “buy that” and add just this one more thing to your already exploding to-do  list there is another way, I promise you.

The good news is, babe, you are not alone! So many other creative entrepreneurs are right where you are. Doing the everyday hustle. Needing to understand their pricing for profit and getting off this hamster wheel.

That’s exactly why I built my company, just for you friend. And I’d love to dive into the mess with you and give you a helping hand.

Hop on over to my free Focus Finder Quiz to learn how to start, grow and scale your business the right way.

How it works:

Answer just five simple questions about your business and you’ll immediately receive your personalized free strategic growth profile! You will discover :

  • Your current business life-cycle
  • The three “next steps” to take in your business to see massive progress
  • How to cut “clutter” from your to-do list
  • The exact business resources I use & recommend to my clients
  • Recommended business education to save you time and resources
  • Smart business investments to make now (and areas that can wait!)

Take the Focus Finder Quiz


RESOURCES MENTIONED INCLUDE :

Take the Focus Finder Quiz

Skidmore Consulting, LLC

The Blueprint Model

“Pricing for Creatives” with If I Made

Brit + Co. – Money Management For Your Small Business Online Class

 

FOLLOW ALONG FOR MORE INSPIRATION :

Shanna Skidmore Instagram

Pinterest

Facebook

YouTube

The Blog

Mavely Co Instagram

 

ABOUT WOMEN, WORK AND WORTH PODCAST BY MAVENLY + CO. :

The Mavenly + Co.’s Women, Work and Worth podcast is a place where we have honest conversations about designing a career and lifestyle with purpose. This podcast is for any woman wanting to navigate her life with intention and meaning.

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Entrepreneurs from around the world have joined the movement to be their own boss. Here's what a few of them have to say :

"I have my cash flow plan beside me and I have been up sixty freaking percent this whole year simply by planning ahead for slow months and all the sudden the money is there. What! You are brilliant and I am so grateful for you and the way you love us and take care of our hearts and just are YOU! I sometimes feel like that 2nd grade kid who’s like, “Teacher! Look - I did my homework!”

Hillary Butler, BPM Graduate

BUSINESS + FINANCIAL STRATEGISt

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