The "Fire the Boss Forever" Plan (Part 1 of 5): Five Ways to Make Your Consulting Business So Profitable You'll Never Need a Job Again
Oct 22, 2024Remember when you quit your job to start consulting (or maybe you're dreaming of quitting and going full-time)?
You had big dreams of freedom, impact, and real wealth.
But if you're like many consultants, you might be wondering if you've just created another job for yourself—only this time with more stress and unlimited boss potential in every client.
Over the next five weeks, I'm sharing my "Fire the Boss Forever Plan"—five proven strategies that will transform your consulting business from a glorified job where you're struggling to have more time and improve cash flow, into a wealth-building machine that makes going back to a J.O.B. unthinkable.
Here's your roadmap to freedom:
The Fire the Boss Forever Plan:
Week 1: Stop Trading Time for Money (Today)
Week 2: Scale Through Group Coaching Programs
Week 3: Create Leverage with Digital Tools
Week 4: Optimize Your Calendar for Profit
Week 5: Build a Predictable Client Pipeline
Today, we're starting with the most crucial shift you need to make: moving from time-based to value-based pricing. This one change can multiply your income without working more hours—making that corner office salary look like pocket change.
Why Time-Based Pricing Is Keeping You Stuck
When you charge by the hour, day, project, package, or a fraction of you, you're putting a ceiling on your income. Worse, you're training clients to focus on your time investment rather than their transformation.
And no two clients are the same, nor is the value of their transformation or the price you can charge for your services. Here's what I mean:
A Tale of Two Clients:
Client A: $1M Revenue
Business Problem: Poor operational efficiency
Cost of Problem: $150,000/year
Your Time Investment: 5 hours/week
→ Your Fee: $30,000
Client B: $10M Revenue Business
Same Problem: Poor operational efficiency
Cost of Problem: $1,500,000/year
Your Time Investment: 5 hours/week
→ Your Fee: $300,000
Are you starting to see why selling time or packages with one price for everyone is a bad idea?
The Value Discovery Process
If you'd like to see how we use powerful software to quickly and easily find the value of the transformation (and justify a premium fee), watch this video.
Initial Discovery Questions:
When you're talking with prospects, weave these questions into your conversation.
๐ What's the current situation costing you?
๐ What happens if this problem isn't solved?
๐ What would a 10% improvement mean financially?
๐ How would this impact your strategic position?
๐ What other areas would benefit from this solution?
Value Calculation Factors:
Remember to explore all the ways your solution can improve and transform their business and their life.
๐ Direct financial impact
๐ Time savings
๐ Risk reduction
๐ Strategic advantages
๐ Competitive positioning
๐ Employee satisfaction/retention
๐ Market share implications
๐ Your 5-Day Value Transformation Plan
Day 1: Mindset Reset
โธ Review your last 5 client calls and proposals
โธ Circle every mention of time, hours, package, or "project fee"
โธ List the actual value each client received
โธ Calculate what you left on the table
Day 2: Value Discovery Practice
โธ Choose your three best clients
โธ Schedule "success check-ins"
โธ Use the discovery questions above
โธ Document all value factors you uncover
Day 3: Transform Your Language
โธ Rewrite your service descriptions
โธ Remove all time-based language
โธ Focus only on transformation and results
โธ Promote your "unique process," not your package
Day 4: Build Your Value Calculator
โธ Find an Excel guru on Fiverr or Upwork [or watch the value discovery video]
โธ Input your client success metrics
โธ Create your value multipliers
โธ Test with past client scenarios
Day 5: Implementation
โธ Review your current prospect list
โธ Identify one perfect potential client
โธ Schedule a value-focused conversation
โธ Use your new framework
The One Thing to Remember
Value-based pricing isn't just about making more money—it's about aligning your compensation with the transformation you deliver. When your fees reflect the true value you create, you'll never have to justify your worth again.
Coming Next Week: Scale Through Group Coaching Programs
Next week, I'll show you how to multiply your impact (and income) by serving multiple clients simultaneously—without sacrificing quality or transformation. You'll learn:
โ
Why you don't need a group to start group coaching
โ
How to price group programs for premium value
โ
The exact structure that delivers transformational results
โ
Why group dynamics actually create BETTER outcomes than 1:1
โ
The automated systems that make it all work.
Your Next Step
Don't wait to implement this. Take five minutes right now and list three clients you'll reach out to this week for "success check-ins."
Use the discovery questions above to uncover the real value you've delivered—I guarantee you'll be surprised by what you find.
Ready to dive deeper?
Watch the video, How To Command Premium Fees to see exactly how to easily find the hidden profits in your prospect's business and get paid what you're worth.
To your freedom,
Dale
P.S.: When you're ready, here are two ways I can help you...
Business Advisors Needed:
If you have capacity and are open to taking on more clients and scaling, getย more details here...
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