An unidentified lady got more than she bargained for after was allegedly caught stealing from a shop she stole from the previous day. In the video which has gone viral online, the lady who was begging those who caught her in the act said "she was […]
Many executives dream about starting an executive coaching or consulting practice, or launching one after they retire. But a touchy subject soon emerges: what should you charge?
There are many ways for coaches and consultants to price their services. The simplest is to bill hourly, which is useful when you don’t know how long a project will take.
But there are drawbacks, such as the record keeping and level of scrutiny it invites. (“Why did this take eight hours instead of five?”) Once you’ve built trust with a client, a better method is to use a monthly retainer: a flat fee for access to you.
he risk is that clients may feel they own you and try to monopolize your time. If you offer set services — say, half-day strategy sessions or six-month coaching engagements — another option is to charge a flat fee for each of them. That way clients know exactly what they’re getting and what it will cost.
You could also try a pay-for-results model, in which you make nothing unless your client improves. Yes, it’s risky, but if you’re confident in your process, you can usually charge a premium.