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Fees and Finances
Finance essentials for freelance trainers
Certain finance essentials are at the heart of any successful business. But the money stuff can also be one of the most daunting aspects of being a freelance trainer. You know what you’re doing as a trainer, of course, but you may have a million and one questions...
How to avoid these seven cash flow killers
Freelance trainers, like many other businesses, often find that one of the biggest barriers to a happy freelance life is an unpredictable cash flow. There’s nothing worse than worrying about how you’re going to pay the bills or chasing overdue invoices. If this...
How to raise your prices without losing clients
When was the last time that you raised your prices for your training services? Do you review your pricing regularly or have your fees stayed the same since you started your self-employed journey? If you haven’t raised your prices in a while, it’s likely that different...
How to charge what you’re worth (and feel good about it)
One of the questions I hear most often and yet, in some ways, find the most difficult to answer is, “How much should I charge as a freelance trainer?” There are many different factors that will influence your rates – these include your experience, the demand for your...
6 more money mistakes small training businesses make (and how you can overcome them)
In my last blog, I looked at seven of the most common financial mistakes that small training businesses make and how you can avoid them. The topic obviously struck a note with a few of you, so I wanted to share six more money mistakes that you might be making right...
7 common financial mistakes small training businesses make (and how to avoid them)
According to an article by smallbusiness.co.uk based on research by Ormsby Street, about 20% of small businesses fail in their first year and 50% fail in their fifth year. Poor cash flow remains one of the most consistent reasons companies go out of business. Another...
How to make a passive income as a freelance trainer
Keep earning even while you sleep As a freelance trainer – like any individual who sells services – you face the dilemma of how to create a business model that doesn’t wholly rely on selling time for money. If you charge by the hour, for example, there are a finite...
Five MORE ways to make sure you get paid on time every time
In our last blog, we looked at five ways to get paid on time, every time when you’re a freelance trainer. As we know this is a big issue for so many businesses, we’ve put together five more ways that you can ensure that your invoices are settled when they should be:...
Five ways to get paid on time, every time
Would you like more great advice for your Freelance Training Business? Download: "The 7 Things You Need To Know To Become A Freelance Trainer” •••••• If you work as a freelancer or run a small training business, then one of your biggest priorities will be managing...
Consultancy versus training: How does it affect your rates?
Would you like more great advice for your Freelance Training Business? Download: "The 7 Things You Need To Know To Become A Freelance Trainer" ••••• One question that often comes up within the Trainer Talk community is how to charge for consultancy work compared to...
How, if and when to use discounting to grow your training business
Would you like more great advice for your Freelance Training Business? Download this FREE audio: “7 Essential Steps to Building a Successful and Profitable Training Business” •••••• Do you ever offer discounts as a freelance trainer? Is it something you’ve thought...
Why it pays to know the numbers in your training business
Do you know how much money you need to make each month in your training business and have a plan about how to make it? No? You’re not alone. Many freelance trainers are so busy delivering training or looking for new contracts that they often lose sight of the numbers...
Freelance Trainers: Why It Pays To Do Your Numbers First
Have you worked out a sustainable business model? Your business model is your statement of what income you want and expect your business to bring in and how you are going to get it. Many new freelance trainers are totally unrealistic when they first start out...
Freelance Trainers: If You’re Worried About Charging Too Much Don’t Be …..
Are you confident enough to charge what you are worth? In your early days as a freelance trainer you might be really tempted to take any old work that comes along regardless of the rate. Let’s face it, when you have just taken the plunge and gone freelance...
What Advice Could You Give A New Freelance Trainer on Pricing?
Here's another question I had from my recent Webcast on How To Get A Steady Stream Of Clients and it's one that seems to often come up. What advice could you give me re pricing strategies? If you have just started out it’s very important to decide on a basic...
Why Industry Sector Is Key To Your Fee Rate
From personal experience and talking to other freelance trainers the type of industry a client is in has a huge bearing on their ability to pay. For example, it is much easier to charge higher fees in the professional services sector than it is in the public...
Are Your Fees Hurting Your Training Business?
Many freelance trainers tell me that they worry about the whole business of pricing more than anything else and the main fear seems to be that if they are too expensive they won’t get any work. But you also have to take the view that if you are too cheap you won’t have a viable business.
Charge What You’re Worth as A Freelance Trainer
A couple of weeks ago a good friend of mine was made redundant from a company he had worked for for 19 years. After getting over the initial shock he realised that in fact it was the best thing that could have happened as he had been toying with the idea of going...
What should a trainer’s hourly rate be?
How much should a freelance trainer charge themselves out at is a common question we get asked. It is all too easy to get caught up with this problem early on when starting out in business. After all, you have nothing to compare with do you? When you were in...
