The Profit Priority® Podcast
Being a creative entrepreneur is one of the most beautiful and amazing things someone can experience, but it doesn’t come without its challenges. Join LoriAnn Kuntz, bookkeeper and CFO, on the Profit Priority podcast each Thursday morning as you learn all from all things running a business to the financial side of it. LoriAnn and her guests strive to empower creatives, expand their profits and maximize your personal time. So pop in your head phones, head out for a run, grab some coffee and a notebook and get ready to be inspired. Chat with you soon! Links: https://www.loriannkuntz.com/https://www.instagram.com/loriannkuntz.co/https://www.tiktok.com/@loriannkuntz.co
The Profit Priority® Podcast
051. How to Determine Your Pricing: A Strategy Guide for Optimizing Value and Profit with Olivia Austin
As a bookkeeper, I'm often asked about pricing. So today I'm super excited to be talking with Olivia from Current Design Studio, all about pricing your services, increasing your pricing, how to base it, and looking at profitability in the long run. Olivia is the Founder and CEO of Current Design Studio, your strategic design partners to expand your impact, amplify brand awareness, and increase revenue. She also mentors other designers to help them build a business they're obsessed with and that supports their dreams.
In this episode you'll learn:
- The importance of time tracking in pricing your services [07:29]
- How to know when to increase your prices [15:06]
- Tips for pricing when you have a team [22:19]
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Grab our FREE Business Expenses and Deductions guide!
Do you wonder why your bank account balance doesn't match your Profit & Loss? Maybe you had a great month and you're wondering where all your money is going. This is due to cash flow. Your cash flow is the heart beat of your business and for a business to be healthy, you need to have a healthy cash flow.
I have created a FREE Cash Flow Projection Template so you can maximize your cash!