What are you worth to your business?
I know you’re probably a good coach, but what’s your value as a CEO?
One of the ways to measure that value is your effective hourly rate (EHR)—what your business pays you as the owner per hour worked.
Hopefully, the number is higher than what you’d make as a coach somewhere else.
Here are the top gym owners, ranked by EHR, for July 2021:
There are two ways to improve the value you receive from being an entrepreneur:
- Pay yourself more money.
- Work fewer hours.
These are the reasons you opened a business: to have greater control over your time and greater leverage on your income.
In this series, I’ll tell you how to pay yourself more and work fewer hours.