What is Your Hour Worth?
I have a few stories to tell you and I won't take much of your time because your time is worth a lot! The first one is about a little boy who desperately wanted time with his Daddy. The second is about a Daddy who desperately wanted time with his little boy. This second story lead to the creation of a metric I've used in my business for a decade. It's called the Work Day Value (WDV). What are you earning for a day away from your family? Or what are you earning per hour working away from your family nights and weekends as a side hustle. It's okay to make $25 - $30 per hour as a beginner with a plan to grow. But if your still there after a year, you're losing time that you'll never get back. What is your work day value? What is your time worth because you are trading it for time with your little boy. Some of you will feel that question more than others. The third story happened when I was pumping gas at Wawa. There was a problem at the pump and one of the workers came out to help a customer. At the end of the exchange, the employee said to the customer. "Sorry it took too long to get to you. The customer. It's okay. Hey I'm getting paid." The customer was on company time and had an hourly mindset. It doesn't matter how long it takes to wait at the gas station because he's getting paid by the hour. This man was in his sixties and had a lifetime of job mentality. There's nothing wrong with this at all. But it's limiting and scarce. Here's what I mean. As he stands around doing nothing at the pump for his $30, $40, or $100 per hour, he's fully satisfied. What if he thought differently? What if he valued his hour at $500 or $5,000? There are plenty of people that make that kind of money. He would no longer be satisfied at the level of income he's earning in one hour now. If he was getting paid by the job he'd be very unsettled because he realized he be wasting time. He'd want the Wawa employee to get him filled up and out of there faster. If he was getting $250 to get a job done, he'd rather have it done in 1 hour versus 10. Standing at that gas pump would drive him crazy. The mindset is totally different.How much do you value your time? How much is your day worth? I don't want to ever leave my family and exchange it for something that is not satisfactory for me. Some food for thought. This works for your compensation for your team and how you charge your customers. It applies to what you might do outside of cleaning. There's so many things you can offer others for other income. Don't ever settle and say you're getting paid as you're standing around doing nothing! Go make a difference and go add value to others and you'll get paid in direct proportion of the value that you serve other people. This was always the hardest part for me. I asked myself this question. How much is my family worth today? I didn't want to bring home peanuts when they were worth gold bars!Would you like more information on CBF and the potential of growing your residential cleaning business beyond 7 figures? Check out my interview with the CBF Founder, entitled "A Buffalo Charges the Storm with Debbie Sardone". Debbie is offering free consultations to listeners of this show through the Smart Cleaning School Resources Page to see if CBF could be the right solution for you.