Benchmark Psychology STEPS on LinkedIn: Take control of your contractor income decisions with our Contractor… (2025)

Money is tight right now and we are increasingly seeing earning potential becoming a primary decision point when deciding where to work.Your potential earnings as a contractor are far more complicated than just the % split offered by a practice.Use this calculator to help you to ask the right questions, consider all of the factors and compare your options ❤️

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Take control of your contractor income decisions with our Contractor Income Calculator and Comparison Tool! Instantly download this Excel spreadsheet designed to simplify your choices between private practice contracting models:🌟 Income Calculator: Understand and predict your potential earnings with all essential factors considered. It includes a starter example and space to save and compare offers.🔍 Comparison Tool: Evaluate non-financial factors critical to your decision-making process. Customise rows for your specific needs and compare options effectively.With so many opportunities available, it's crucial to find the right fit based on your individual values and needs. This tool supports you in making informed decisions, ensuring you maximize your potential earnings and career satisfaction. Don't guess – calculate and decide with confidence! Find out more here: https://lnkd.in/gzUCdYF5 #ContractorTools #IncomeCalculator

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Have you downloaded our Contractor Income Calculator and Comparison Tool yet? This downloadable, editable Excel spreadsheet is your ultimate companion for navigating private practice contracting:🌟 Income Calculator: Gain clarity on potential earnings by factoring in all essentials. It includes a starter example and space to save and compare offers.🔍 Comparison Tool: Assess vital non-financial factors crucial to your decision-making process. Customise rows to meet your specific needs and effectively compare options.With numerous opportunities at your fingertips, finding the perfect fit aligned with your values and goals is essential. This tool empowers you to make informed choices, ensuring you maximize earnings and career satisfaction. Don't second-guess – calculate and decide confidently!Find out more here: https://loom.ly/_q-CnGI#ContractorTools #IncomeCalculator

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**How much you should charge for your services**🌟 Considering how much to charge for your services? 💼 It's crucial to strike the right balance between fair compensation and competitive pricing. Here are a few tips to help you determine your worth:1. **Know Your Value**: Assess your skills, experience, and the value you bring to your clients. Highlight your unique selling points that differentiate you from others in your field.2. **Market Research**: Research industry standards and competitor rates to gauge what others are charging for similar services. This can provide a benchmark for setting your prices.3. **Costs and Expenses**: Factor in your overhead costs, time invested, and any additional expenses related to delivering your services. Don't forget to include taxes and other business-related costs.4. **Value-Based Pricing**: Consider pricing based on the value you provide to your clients rather than just your time or input costs. Clients are often willing to pay more for services that offer significant value and deliver results.5. **Client Budgets**: Understand your target market and their budget constraints. While you should aim for fair compensation, it's also essential to be realistic about what your clients can afford.6. **Flexible Pricing Models**: Offer different pricing options such as hourly rates, project-based fees, or retainer packages to accommodate various client needs and budgets.Remember, pricing is not set in stone. Be open to adjusting your rates as your skills and experience grow, and as market conditions change. Ultimately, finding the right pricing strategy requires a balance between what you're worth and what your clients are willing to pay. #PricingStrategy #FreelanceTips #BusinessAdvice 🚀

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What does your financial data tell you about your products and services?*Which product/service is most profitable?*Are there any that are not profitable?*Are your less profitable items bringing additional business in the door to justify keeping them, or is it maybe time to trim them from your offerings? *Are you focusing marketing dollars on your profitable items?*When can you afford to bring in new equipment, and should you? Remember, bookkeeping isn't just for tax season. When you track job costs and spot any differences from the norm, you gain a deeper understanding of your products and services. This helps you make informed decisions to drive your business forward.Tammy Blinn#professionalbookkeeping #businessgrowth #productoptimization

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If you’re an agency owner, these questions have surely been on your mind before:- Am I paying myself enough—or even too much?- Where does my compensation stand in comparison with peers?- How do I easily come up with a compensation plan for my partners?Team Productive recently launched a survey on agency business owner compensations. Because compensation is critical, but it doesn’t get the attention it deserves.Things to know:- The estimated time to complete is only 5 minutes- The survey is anonymous- You’ll find the results on www.productive.io early this fallIf you’re an agency owner or you can share this with your agency’s owner(s), please do.To access the survey, click here: https://lnkd.in/dTh9mbCy

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Are you earning what you're truly worth? 🤔Our latest blog helps you assess your hourly rate and align it with your skills and experience.👉 Find out if you're getting what you deserve: https://lnkd.in/gCxDuxDE#Earnings #TradesIndustry #KnowYourWorth

🔨 As a contractor, you know that hard work is part of the job. But when hard work doesn't translate to a higher income, it's time to pause and plan. 📊I’m revealing a straightforward strategy that helped my client Andrew dramatically increase his earnings - and you can follow in his footsteps. It begins with setting clear financial goals.🎬 Click the link to watch the video and download your Budget Goals Worksheet. Let's build a profitable future together!🔗 https://lnkd.in/gqE_8nFh#ContractorSuccess #FinancialFreedom #BusinessCoaching #EarningsGrowth #ProfitabilityPlanning #ConstructionIndustry

🔨 As a contractor, you know that hard work is part of the job. But when hard work doesn't translate to a higher income, it's time to pause and plan. 📊I’m revealing a straightforward strategy that helped my client Andrew dramatically increase his earnings - and you can follow in his footsteps. It begins with setting clear financial goals.🎬 Click the link to watch the video and download your Budget Goals Worksheet. Let's build a profitable future together!🔗 https://lnkd.in/gqE_8nFh#ContractorSuccess #FinancialFreedom #BusinessCoaching #EarningsGrowth #ProfitabilityPlanning #ConstructionIndustry

📊💼 General contractors, are you calculating your overhead and profit the right way? Protect your margins and make sure your business stays profitable with our latest blog: How to Calculate General Contractor Overhead and Profit. Learn the steps to price your projects accurately and cover all your costs. 🛠️Plus, see how Leap SalesPro streamlines your estimates, contracts, and payments, so you never undersell a job again. 💡Read more and take control of your business's financial future: https://hubs.ly/Q02QQgT40#GeneralContractor #ConstructionBusiness #LeapSalesPro #ContractorTips #Profitability

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