EP 144 | I’ve Got Questions with Marylou Sobel – Part 1
December 23, 2019
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Hourly fees vs. flat fees and how to handle the generalist within. Award winning Australian designer, Marylou Sobel, was more confused than ever after listening to a specific Business of Design™ Podcast about flat fees. Kimberley answers her questions and provides a better understanding of which fee structure works best.
In this episode we learn:
- when you set an hourly fee, it is built for profit, not just for covering overhead
- some clients like flat fees and some like hourly fees, there is no one-size-fits-all
- when in doubt, hourly fees are less risk to the design professional
- handling a client who wants you to deviate from your process
- specialists make more money than generalists
- follow BOD™ 15 Step Project Management Strategy as prescribed
- full service means nothing
Design Intervention
To grow a business, employ the correct staff, that can benefit your business, even if you feel like you can’t afford the salaries. Instead of wearing all the hats, hire staff to free up some of your time.
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Legal Disclosure | This podcast is for educational purposes only and provides general business advice for interior designers and design professionals. It is not intended as individual legal, accounting, or professional guidance. Kimberley Seldon and Business of Design® make no guarantees regarding accuracy and are not liable for how information is used. Strategies shared may not apply to every situation—listeners should seek qualified legal, financial, or professional advice before making business decisions. References and resources mentioned may change over time.