Pricing Your Products Efficiently and Determining Your Time's Worth with Shanna Skidmore

Law Chat with Girija

English - October 13, 2022 11:00 - 46 minutes - 46.5 MB - ★★★★★ - 40 ratings
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Previous Episode: Choosing the Correct Business Entity for Your Company ft. Sole Proprietorship, LLC, DBA, S. Corp

Next Episode: Fundraising as a Startup & Improving Your Company's Financial Health with Melissa Pancoast

It’s time to read the story within the numbers. Tune in to find out more!

Episode Introduction:

In this week’s episode of Law Chat with Girija, we are joined by Shanna Skidmore who talks to us about all things money. She tells us how to determine our hourly prices as well as guides us on efficient product pricing.

Episode Summary:

Shanna walks us through her diverse experience in the finance world as well as her struggles with entrepreneurship. She shares a lot of tangible tips to help you do better with the finances in your business.

Main Takeaways:

Start your business with one niche and once your business starts to gain traction, branching out becomes easier. COGS - Cost of Goods Sold. Cost is made up of three factors: Material Cost Labor Cost Your Time When you completely understand why you charge what you charge, it’s much easier to sell that pricing to a client. Wealth is not about how much money you make, it’s about how you spend the money you make. Focus on the end goal and then figure out the route to get there. It doesn’t have to be popular, it has to work for you.

Resources:

Where the Crawdads Sing by Delia Owens

Find Shanna Skidmore:

Website: https://shannaskidmore.com/

Facebook: https://www.facebook.com/shannaskidmore

YouTube: https://www.youtube.com/channel/UCTMB8So9Q5H9ameE3HX679w

Podcast: https://shannaskidmore.com/consider-the-wildflowers/

Get the visual experience, watch the videocast for the episode here: https://youtu.be/xrg2-zMS3m0

Connect With Girija:

Website: https://www.gbplaw.com/

Instagram: https://www.instagram.com/gbplaw/

Facebook: https://www.facebook.com/GBPLaw/

Help us mentor other entrepreneurs through the power of storytelling by rating us and leaving a positive review on Apple Podcast: https://podcasts.apple.com/us/podcast/law-chat-with-girija/id1528580730

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