Thought Leaders Business Lab Podcast

Did you know that the average Australian business owner makes less in a year than an employee earning minimum wage?  As a business owner, you should know that your business revolves around people paying for your product or service. You need money to come in so your business can continue to trade. Despite being an essential component of any business, however, some entrepreneurs rarely discuss or even avoid the subject of pricing.  In this episode, Samantha and Tim tackle this highly important topic. They discuss why you need to increase your prices, how to analyse your finances, and what exercises you can do to arrive at your ideal pricing.  WHAT YOU’LL DISCOVER IN THIS EPISODE: Your business revolves around charging out your product or service (02:13) Why increase your prices? (02:50) A reverse engineering exercise to arrive at your ideal pricing (03:20) The average business owner in Australia withdraws just $44,000/year (04:18) A spreadsheet of expenses and fees vs. pricing (06:09) Add in your ideal life an