51–60 of 101 posts
I appreciate the sentiments of this community, its unquestioning reverence towards Patrick, but the article is full of misleading statements. What is factually correct, can still be grossly misleading.
Earlier quoted context omitted.
It changes which projects you get, and alters the opportunity cost of the projects you end up spending time on.
This makes sense. Sort of, "If you charge more, you'll find yourself a specialist."
Making 30k a week, is very different from saying he made 30k some weeks. 120k in Profit is hardly something I would call an 'Empire'. I appreciate the sentiments of this community, its unquestioning reverence towards Patrick, but the article is full of misleading statements. What is factually correct, can still be grossly misleading.
Earlier quoted context omitted.
This makes sense. Sort of, "If you charge more, you'll find yourself a specialist."
If you charge more, people don't bother you with nearly as much low-ROI scut work, which means you (assuming you can deliver) find yourself focusing on more interesting & more valuable work that has a stronger connection to attracting and keeping high-value clients.
$30k/week? Would love to read more about how that worked. I thought my $180/hour with $1k per diem for on-site was phenomenal. Jeez, I need to charge more.
"Would love to read more about how that worked. I thought my $180/hour with $1k per diem for on-site was phenomenal. Jeez, I need to charge more." Maybe not so fast. To me the 30k is (most likely) editorial hyperbole which is not to say Patrick didn't make $30k on some weeks. If you can make (repeatedly) 30k per week (or even 15k per week) that's a boatload of money on a yearly basis. So I would imagine that while Pa…
Making 30k a week, is very different from saying he made 30k some weeks. 120k in Profit is hardly something I would call an 'Empire'. I appreciate the sentiments of this community, its unquestioning reverence towards Patrick, but the article is full of misleading statements. What is factually correct, can still be grossly misleading.
Making 30k a week, is very different from saying he made 30k some weeks. 120k in Profit is hardly something I would call an 'Empire'. I appreciate the sentiments of this community, its unquestioning reverence towards Patrick, but the article is full of misleading statements. What is factually correct, can still be grossly misleading.
I honestly don't. I mean, nice guy, sure, and a great writer, but I don't see that he has built anything I consider particularly inspiring, or successful. In fact he has had quite a few misses, which were announced with the usual self-assured write-ups, only to disappear later.
(I only say this in light of the surprisingly large following patio11 has, he is certainly more accomplished than I or most most posters here will probably ever be.)
One of the things I loved about BCC is how it hit many of us over the head with the idea that a product does not have to be 'cool' or innovative or even really all that interesting to make money. Au contraire - bingo is about as uncool and boring as you can get. It kind of opens your mind to new horizons in business terms.
Earlier quoted context omitted.
While I accept this is likely true, I still have a hard time incorporating it into my thinking. I think I spent too much time as an employee, a relationship in which every increase in salary needs elaborate over-justification. Consulting isn't like that.
(Disclaimer: I've been an employee and a product startup founder but never a consultant.) I think the key idea here is that you can change who you hang with in consulting. The world is a really big place, and it's filled with some people who are willing to pay a lot for the particular services you offer, and a lot of people who are not willing to pay a lot. Raising your rates just means that you will self-select for…
When you apply to a job, they see you as a permanent cost center and not as an immediate way to grow their bottom line. In this case the negotiation changes to a large degree. I suppose it's possible to transfer the conversation during a salary negotiation so that you are selling based on the points above, but I think that's much easier said than done.
I think this constantly recurring point about raising rates is based on people who sell consulting services having a larger-than-necessary gap between what a company would pay for the outcome and what they are charging.