Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.


ratings:
Length:
24 minutes
Released:
Jan 19, 2021
Format:
Podcast episode

Description

2,040 hours is the typical full-time work week. If you are bringing home a salary of $30,000 for your full-time work as an interior design professional, you are making minimum wage. Can that really be enough compensation for the hard work you do? Absolutely not. Particularly not when wealth (not income) is the goal.

In this episode we learn:
- $30,000 for full-time work as an interior design professional is minimum wage
- pay yourself first and you will be alerted to what needs to change in your business model
- salary is the first step in a viable business model
- profit comes after all expenses, including salaries, are paid
- wealth is the goal
- accumulated wealth allows you to retire when you want

Learn more to grow your business at https://businessofdesign.com
Released:
Jan 19, 2021
Format:
Podcast episode

Titles in the series (100)

Business of Design is a coaching community for independent interior design professionals—designers, decorators, stagers, stylists, architects and landscape designers. Join to gain access to more than 100 design management courses. Change happens now....