I bet you have heard that one before.
My first experience with a business coaching began with him asking me questions about my hourly income, about my expenses, profit margins and the big one, my personal worth per hour. I tried to answer some of them but it was pretty easy to tell that I didn’t really know, especially my worth per hour.
So he asked me how much I wanted to make a year and how many hours I wanted to work. That I could answer. I wanted to make $120,000 per year and I wanted to work 10 hours per week 40 weeks per year. He then asked me what I was currently netting per hour and of course I didn’t know. This followed with the question, is it $300 per hour in which I chuckled and responded, “not even close”. Have you done the math yet?
What do you want to make per year, how many hours per week and weeks per year do you want to work? How much do you need to make per hour? Are you doing it?
After expenses and calculating the number of hours I was working, I wasn’t even making minimum wage at that time. This is when I began making the shift from owner operator to business owner. Do you need to make that transition?
I’d enjoy your feedback on this tip.