Ditching Hourly

Cost vs Price vs Value

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Oct 27, 2016
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INSIGHT

Cost vs. Value

  • Cost is the minimum amount a seller will accept.
  • Value is the maximum amount a buyer will pay.
INSIGHT

Price vs. Cost & Value

  • Price is generally concrete and objective.
  • Cost and value are subjective, depending on individual circumstances.
INSIGHT

Hourly Billing Limitations

  • Hourly billing ties price to cost, limiting profit potential.
  • This guarantees a positive return but prevents exponential profit growth.
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