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Handle Undefined Budgets

4:45
17:42
5.2K views

At 4:45 in

Keynote Speech- Your mouth makes you Your Money #3 4 k video

What happens here

When a project stakeholder (or you, for a personal project) has 'no idea' what a project should cost, provide a broad price range (e.g., $5,000 to $50,000) based on typical market rates for similar work. Then, ask them where they feel comfortable within that range. This helps narrow down expectations and guides them toward defining a suitable budget, ensuring you don't proceed without a financial understanding.

Goal: Guide stakeholders to define their budget when they lack initial estimates.

What they say

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hours with them okay so that's a beautiful question you say well I can I can build you a job that'll cost anywhere from $5,000 to $50,000 what I need to know from you is where are you comfortable so that I can build something to match your comfortable okay because they're not you don't want thing to do the estimate for you really what you're trying to do is get comfortable so that you can provide estimates that fall within their comfort zone all right and this is where your mouth is now

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