Kristin Kaplan : Business Planning & Strategy | Episode 009: How to Set Reasonable Salary Goals
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Episode 009: How to Set Reasonable Salary Goals | Planning for Profit Podcast


Today we are answering the important question, “How much should I pay myself?” Because when setting your pricing, you need to start by determining how much you want to make. But how do you choose a number that is reasonable? In this episode, I’ll break down some key questions to ask yourself when setting a salary goal.

 

Highlights:

  • How much should I pay myself?
  • To set your pricing you need to start by determining how much you want to make
  • Uncover your unique value and getting people to pay you what you’re worth
  • 4 questions to consider when setting salary goal:
    • What did you pay yourself last year?
    • Will my business model look the same as last year or different?
    • Will I be changing my business expenses?
    • What changes might occur personally?
  • Mistakes in salary goal planning:
    • Base prices on competition prices
    • Overestimate sales figure
    • You don’t dream big enough

 

Links Mentioned in This Episode:

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