START-A-BIZ: Making Money $$ (pricing your products and services)

Most business owners expect to earn part or all of their living from their effort. To do so requires more than hard work – it demands a plan based on multiple factors. In this session we’ll discuss key elements for setting the price of your service or product, including:

-competitive analysis

-labor and overhead inputs, and/or cost of goods sold

-your desired income from the business

-basic formulas for setting rates

-setting take-home expectations for the 1st year

-cash-flow strategies for when the cash isn’t actually flowing

After the 2-hour session, stay on for the one-hour lab (included in the session price) to work on your own business planning process. Bring your laptop or notebook – we’ll supply the coffee and wifi!