Skip to main content

Are you working for yourself or working for profit

When did you reach this epithamy.



It is when your bank balance moves horizontally all the time and your energy for more work goes southward. Reward for more work is not realized. Obviously it is different for everyone and we can all share it on Twitter, but the point is that all small business people reach this point some time in their life. I have.

Before realizing this crucial point in business life I would not be able to convince you that it is not about greed. It would be greed if you were a banking magnate, but you are a small company with, let's say less than 20 people.

I'll tell you when it hit me. Really hard.

I was doing a job for a client, it was quotes for products for his new house. We started first by having a meeting to discuss what his wife liked (he had to keep her happy for all the bj's). After that it was proposal time, and there were many, seriously, proposal after proposal. Amendment after amendment. All these proposals included images, diagrams, explanations of why, where, when and how. Finally the project was approved and it was time for payment. It is then that the client requested a discount because I should be so grateful for his generosity and trust for buying all the products from me and not going to the competition. This guy was good, he did not mail me with the request, no he phoned in and reasoned with me. I was young and inexperienced and caved in with a 10% discount. What a fool I was. What a fool, I was!


This project took about 30% of my time per day and paid only 5% of my required bottom line. In effect I made no money at all from this project, I just barely held my head above water. That day taught me one of the most important lessons in business. Be prepared to walk away and set your bottom line early what you think you are worth.

If I would have said no to the discount, was he not in the predicament. He has spent all the time with me, he had no other proposals and PowerPoint slides to help him understand what he is getting. As a matter of fact, I could have told him due to the amount of work I put into the project, the reduced risk he had for failure of the project, it would be fair to charge for the presentations an extra 10%! Don't you think.

In a certain sense, I was one of his employees. Working my but off for his enjoyment.

Never put yourself in that position. Value the input you make to other people's lives and charge for it. And if they don't like it, walk away. It is not worth you time and effort.

Your time is valuable, charge for it.

Work for profit, not for yourself!

Comments

Popular posts from this blog

Merrell hiking shoes showing cracks in quality

I have been a supporter of Merrell shoes for quite a long time, actually about 10 years. Their comfort was amazing as well as build quality. My first pair was hiking boots and I wore them until they fell apart, I must admit that the sole wore through before the top started coming apart.  I then bought hiking or trail shoes. I think the style was Merrell Vibram, not sure but that was written on the side of the hiking shoe.  Anyway, who cares, I don't hike or go on trails.  They are mainly used in and around at home. I also don't do any gardening with them by the way.

So all in all I don't have a lot of wear and tear as can be seen on the amount of rubber left on the new pair of Merrell Hiking shoes.

What really disturbed me is how badly the new Merrell Hiking shoes are put together. Put it this way, my old Merrell's had 5 years of walking on them, and there is not much wrong with them other than the backend plastic started to crack. Also my laces are worn out which can…

Adding more color to dull images in Photoshop

There are certain scenes that just lack color and "pop". Your basic family shots with bright coloured clothing is not the biggest problem, it's those seaside shots, or landscape shots with little colour other than brown and green. They are just lifeless, you get a feeling that is not how you saw it when you were there, and anyhow, it looks crap. It is a method that is used by most professionals since they know where and when to use it. So here is a couple of tips when NOT to use this method. Don't use it on bright coloured flower shots.Don't use it where peoples faces are the main feature of the image, such as portraits and group shots.Any image taken late in the evening or early in the morning, be very careful.Any overexposed image or under exposed image can pose a problemDon't use images with a color cast, get the cast our first and then apply color enhancing.Ok, I assume you get the drift.
The best image to use are dull desert landscapes and beach images.  …

Dell XPS 13 - 2018 model technical options and cusomization

Processor 8th Generation Intel® Quad Core™ i5-8250U processor (6MB cache, up to 3.4GHz)8th Generation Intel® Quad Core™ i7-8550U processor (8MB cache, up to 4.0GHz)8th Generation Intel® Quad Core™ i5-8350U processor (6MB cache, up to 3.6GHz, vPro)8th Generation Intel® Quad Core™ i7-8650U processor (8MB cache, up to 4.2GHz, vPro) Operating System ​ (Dell recommends Windows 10 Pro.) Windows 10 Home 64-bitWindows 10 Pro 64-bitUbuntu 16.04 (fingerprint reader, Waves MaxxAudio and Cortana not supported) Memory9 4GB-8GB Dual Channel LPDDR3 SDRAM at 1866MHz,16GB Dual Channel LPDDR3 SDRAM at 2133MHz (On Board) Hard Drive 128GB SATA, 256GB PCIe, 512GB PCIe, 1TB PCIe SSD with Intel® RST Video Card Intel® UHD Graphics 620 Display 13.3-inch UltraSharp 4K Ultra HD (3840x2160) InfinityEdge touch display, 100% sRGB 13.3-inch FHD (1920 x 1080) InfinityEdge touch display, 100% sRGB13.3-inch FHD (1920 x 1080) InfinityEdge display, 100% sRGB 400-nits, 1500:1 contrast ratio, anti-reflective, 178° wide viewin…