You know, growing a team… isn’t the easiest thing in the world. And one of the things that you’ve got to have in place, if you really want to be able to successfully grow and scale your team is you’ve got to have an effective pricing strategy.
Why is a pricing strategy really important? Because ultimately you’ve got to charge enough to pay good quality people. Well enough to want to stay in your business and do a good job for your business on top of that though Not only have you got to pay those good quality people enough to be want to stay in your business You’ve got to also pay yourself enough To motivate you to manage that good quality team, manage and lead that team.
So businesses where they’re really struggling with staff retention, when they don’t have the right team in place, quite often you look at their pricing and you think, well, how, how can they, those staff members even afford to eat? No wonder they’re leaving. And this is something you’ve got to really convince yourself, like, you know, you’ve got good quality member stuff.
If you know they’re good quality, you’ll know they’re good quality, but also your clients will know that they are good quality. And ultimately, if, if your clients know that they’re good quality as well, then they will pay what it costs to retain those people. If you put yourself in your client’s shoes, if they had a good quality member of staff, they would pay whatever it took to retain them within reason.
So if you’ve got good quality members of staff, your clients will pay Whatever it takes to retain you so you can retain your team. So this is why the pricing in your business needs to be carefully thought out and needs to be at the right level. So, actually you can pay the very best people to stay and actually help you grow and scale your business and deliver that value to your clients.
If you do want any support with getting the pricing right in your business, because one of the things we really specialize in doing is building a pricing model for our clients. So they know exactly what to charge and how much of it to sell. Then, you should really get in touch with us and we can help you with that.