Business Value
ASK George GPT – Should I charge by the hour?
In this session of Ask George Business Advisor GPT the person asked if they should charge by the hour.
November 22, 2023
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In this session of Ask George Business Advisor GPT the person asked if they should charge by the hour.
George Business Advisor GPT is a new GPT that was recently created. At an exhibition it was shown to the republic. One of the first questions was about pricing. This is what George GPT had to say.
Are you caught in the pricing dilemma? Worried about undercutting the competition or afraid of losing customers if you raise your prices? It’s a crossroads many entrepreneurs face, but there’s a way out.
Join Susan Trivers and me on December 5th at 11 am EST / 4 PM UK / 8 PM GST for our Pricing Mastery and Business Acceleration Advisory Mastermind. We’ll provide practical tools to transform your pricing strategy and unlock growth potential.
Don’t miss this opportunity to step boldly onto the path of pricing mastery. Reserve your spot now in the article below and take charge of your business’s future.
Undercharging for the quality of what you provide is a common business issue.
In our upcoming Pricing Mastery and Business Acceleration Mastermind we tackle this and other pricing challenges. Find out more inside..
Remember the game show “The Price is Right” where to win you have to guess how much the price is worth. It’s a fun game but not so fun when you are forced to play it as you price your services.
Many business owners like Tom in our article struggle with pricing.
So Susan Trevers and I have put together a Pricing Mastery and Business Acceleration Mastermind with practical tools and insights to help you not only effectively price what you do – but to accelerate your businesss on the back of it.
No more guesswork! We’re meeting on Dec 5th. Check out the article for more details.
In the business world, we often fall prey to the Siren Song – the allure of competing on price rather than value.
Just like Lisa, who found herself stuck in a commodity swamp, many entrepreneurs grapple with pricing that doesn’t reflect their worth.
It’s time to change the tune!
Join us at our Pricing Mastery and Business Acceleration Advisory Mastermind, where we’ll tackle the under-pricing dilemma head-on and discover how to attract customers who see beyond the price tag. Don’t settle for being a bargain.
Are you a business owner like Jack, who loved his coffee shop and its loyal customers but struggled to make money he wanted every night? The issue wasn’t Jack’s coffee; it was how he undervalued his product.
You might be in the same boat, working tirelessly, yet not seeing the profits you deserve.
Our upcoming Pricing Mastery and Business Acceleration Advisory Mastermind is designed for people like you.
We aim to unlock the full potential of your solutions, delve into pricing psychology, and help you claim the hidden value beneath your feet.
This isn’t just another seminar, as you will receive the practical tools and practical exercises you can implement immediately in your business.
Find the missing piece in your business puzzle.
When you understand why people buy at a core level and tailor your solutions to address that desire, you gain the freedom to charge the right price and capture the value you provide through the transformation you deliver. So why do people buy fire alarms? I talk about in this video clip. Why do they buy from you?
Say No to the “Pricing Pimps”.
All they try to do is spam you on Cheap prices but quality wins in the long run. As business owners, our goal isn’t to attract customers only concerned about cost – it’s to serve those who value the transformation we provide.
That’s why I’m excited to share more soon about my upcoming Pricing Mastery and Business Acceleration Advisory session planned for December 5th. In just 90 minutes, you’ll gain the knowledge and tools to price your services for maximum impact.
Let’s leave the Pricing Pimps behind and build businesses that change lives! Who’s with me?
The shock replacement of a baseball team’s manager out of the blue reinforced a lesson that we can take to heart. Just like a team’s wins and losses affect the experience of their fans or customers, so does your daily interaction (or non interaction) with your clients. If your customer’s experience isn’t superior they can fire you as quickly as this poor baseball manager.
Besides staffing, acquiring customers can often be your biggest or one of your biggest expenses. Imagine you could do it for free? And pick up
Listening to your customers isn’t just about hearing their words—it’s about understanding their hearts. I created a quick infographic distilling the essence of customer listening into action into 5 clear steps.
A true story of a business owner who lost a $21 million dollar offer because he “took his eyes off the ball” and didn’t have a business that was sellable when someone wanted to buy it.
Often, terms like “culture” and “growth” are thrown around in the business world as buzzwords. But let’s get real here; culture isn’t just a buzzword. It has solid consequences that can result in lost potential.
For example, in this article I show an example of two cultures in one membership subscription organisation trying to put together an event between the two groups.
But when rigidity overshadows flexibility, a valuable chance slips away for one of the groups.
For business leaders, this highlights the importance of trust and delegation. Are our cultural norms holding us back? Delve deeper to understand the true impact of culture on growth.
Out of the mouths of babes…
Sometimes it’s a lovely insight like I experienced last night and which you can use to dominate your niche and have people only want to do business with you.
Attended an exhibition full of visionaries, but the roundtable discussion reminded me: don’t play it safe to the point of boredom. In business marketing, avoid clichés and truly engage your audience by being genuine and innovative – and yes controversial when appropriate. That’s why it’s all about the real conversations and finding real solutions at our Owner’s table..
Most people do not know how to sell and then there is the Networking Robot. He is in a class by himself. If I hadn’t experienced him in real life I would think he was a cartoon or a boogey man to scare business owners with. Alas, he is real.. and he’s looking to find you at a networking event.
You become who you hang out with. It’s almost a law from the playground to the boardroom. And in any group you join.. it’s in the actions where you see the real value or lack of they provide. And time is too valuable to waste in a group that at best keeps you stuck but at worse sinks you into the swamp.
Watching my eldest daughter taunt my youngest until she bellowed a frightening howl that silenced a restaurant highlighted what we face in a noisy market. Lot’s of big promises and the waving of amazing rewards in front of our faces to make us want badlty what they are selling. Unfortunately, like spoiled brats everywhere, they do not have the ability to deliver on the big promise to us.
Listening to the frustrations of an 8 figure business owner highlights that the challenges we face on the business journey are not isolated or unique to us. That we can learn and tackle them together with sound strategies and common sense solutions
There is an asset in every business that can drive profits and growth by 5x or greater if it’s properly measured and utilised. Just a preview but one we will talk more next week and I will share clips from the presentation I gave today.
Your pricing speaks volumes about the value you offer and the clients you attract. Just as we’re influenced by the company we keep, businesses are defined by the customers they cater to. Join our next Owner’s Roundtable to discuss the power of pricing, growth strategies, and more
The biggest mistake I ever made in my career was the one where I underpriced myself -not due to lack of confidence but to the allure of huge commissions without a realistic diligence that the place I was going was the right option
Your pricing communicates a great deal about how you feel about what you provide and now special it is.
If you price too cheap… your quality is called into question..
Price too high.. your grasp of reality.
But ultimately your pricing should Attract who you want to attract.
And..Repel who you do not want.
Are you one of the vast majority of businesses that ignore your pricing strategy at your own peril. Discover the shocking reality Peter discovers when overlooking the most efficient way to drive up his profits.
Have you ever had a client question your price, asking ‘how long will you actually be working on that?’ It’s time to shift the focus from how long a task takes to the value of the solution provided. Join us in the coming weeks as we explore better ways to price, focusing on value, not hours.
Success isn’t about luck or fate, it’s about building a business that creates opportunities. Learn from those who’ve been there – who’ve built and sold businesses, and unlocked the life they’ve dreamed of. Join us at our next Owner’s Table to discover how you too can create a business that gives you the freedom to live life on your own terms.
When you think of World War I, you think of armchair generals eating shrimp and sipping champagne while sending millions to their death with outdated tactics and strategies that produced only corpses. This is what most entrepreneurs face when the “experts” they hire prioritise making the sale and buying flashy cars over providing solutions that will actually bring the real results they are seeking.
Imagine the disappointment of having a $13.75 million deal fall through just moments before signing the agreement. Instead of a dream holiday, Mark suffered a suffocating silence from an oft disappointed spouse, and retirement plans were pushed back “another 3 years”. It’s more common than we care to admit but you can avoid such a fate..
Just like a relaxing drive can be interrupted by an unwanted driver riding too close behind us so often our customers are disturbed when we come in fast and close demanding a new purchase or more money. Avoid that common mistake and watch your profits soar.
They said a wave of business exits was coming.
Retiring baby boomers. Millions of dollars changing hands.
The so-called “Silver Tsunami.”
But… where is it?
Most owners didn’t sell.
Many didn’t retire.
And a frightening number are still grinding—burnt out, stuck, and quietly hoping for a buyer that never comes.
This post breaks down what’s really happening…
And what it means for every founder still waiting for the perfect time.
Today’s not just another Tuesday.
It’s St. George’s Day—the story of a man who stood his ground, defied the empire, and became a legend.
Most people remember the dragon.
They forget the courage.
And that’s exactly what most founders forget too.
The businesses that lead? They stand for something.
The ones that fold? They tried to please everyone.
Here’s why standing your ground might be the most valuable move you make.
You didn’t miss the exit.
You just kept telling yourself it wasn’t time yet.
Until suddenly… it was too late.
Most business owners don’t crash and burn.
They slowly wear down—working harder, earning less, and watching the business slip away while they keep saying:
“Just a bit longer.”
This post isn’t about planning.
It’s about what happens when you don’t..
You’ve sacrificed.
Pushed through setbacks.
Bled for the business.
But when it’s time to walk away—will it live on without you?
Or will it die the second you step back?
Most business owners don’t have an exit.
They have a slow death.
This week brought a powerful reminder of what real triumph looks like—
And what happens when you don’t build for it.
When I was 12, I snuck a pocket radio into church so I could listen to the Cubs game during Holy Thursday service.
My mom busted me.
I sat through the whole thing—and didn’t understand a word of it.
Now? I don’t miss a second.
And somewhere in that shift…
There’s a powerful lesson most business owners are still missing.
Your business is profitable.
Maybe even 7 or 8 figures.
But here’s a tough question:
What happens if you disappear for 30 days?
Does the business keep growing?
Or does it fall apart?
There’s a simple test I call Freedom Math—and most founders don’t like their score.
If you’re thinking about selling your business “someday,”
This is the equation you need to solve first.
You’ve built a 7- or 8-figure business.
Profitable. Growing.
But when it’s time to exit?
Most owners don’t get the deal they want.
Many don’t get a deal at all.
Not because the business isn’t successful…
But because it doesn’t work without them.
If you’re banking on a future sale—this is your wake-up call.
The #1 question buyers ask isn’t about your story.
It’s about their risk.
His company hit $10M in revenue.
And then… a car accident.
In one moment, it was all gone.
Not because the business failed.
But because it couldn’t survive without him.
This isn’t a dramatic story. It’s a common one.
And the lesson he learned the hard way?
I’m giving it to you right here.
If your business still depends on you…
You need to read this.