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The P.T. Entrepreneur Podcast

Ep715 | Why You Should Charge What You're Worth

May 30, 2024
Explore the importance of aligning prices with market costs in service-based businesses like physical therapy. Overcome pricing discomfort and base decisions on financial realities for business sustainability. Address psychological barriers to enable growth and employee compensation.
11:43

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Quick takeaways

  • Aligning service prices with local market costs ensures competitive staff salaries and business sustainability.
  • Overcoming pricing discomfort and setting prices based on financial realities are key for business growth.

Deep dives

Underpricing in Different Locations

It is essential to consider the cost of living differences in various areas when determining prices for services. For example, a business owner in a particular location might be undercharging compared to what is sustainable for that area. Pricing needs to align with the cost of living to ensure fair compensation for staff and profitability.

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