257. Overpaying & Undercharging: How To Wreck A Coaching Business By Not Understanding Profit Margins

The nightmare situation as an online coach is to scale your company, hire assistant coaches and a staff, have your staff make more money than you, and you become a minimum wage entrepreneur with all the stress and risk that comes with owning your own business. We don't want that to be you so today's episode is all about profit margins, common mistakes we see within IFCA and the industry, and how to make sure you pay employees fairly while having healthy margins.

 

Time Stamps:

 

(0:10) Profit Margins

(1:30) Common Mistakes

(4:20) Undercharging for Your Service

(9:00) Paying Employees and Healthy Margins

(10:06) Gross vs Net Profit

(15:30) Raising Your Prices

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