If he has something else he can do for money during that time, there's an opportunity cost that he has to recover to break even. On the other hand, if that time has no financial value then there's no incremental cost to his time teaching the classes and he only has to recover his expenses to break even. A similar principle applies if he considers it pro bono work, even if there's an opportunity cost.n5wd wrote:No doubt - but we're not talking about volunteering time for a church you belong to, or one of its missions, or a community group you want to assist, but for general strangers who are being instructed in a curriculum that's mandated by the state for a certification/license that is presumably giving them some benefit over that of the average Joe or Jane that does not possess that certificate/license. In other words... polsci is offering professional services, and thus the question to him: How much does he value his (professional) time. If it's just going to be a hobby that he wants to have fun with and doesn't care about how much he spends (relatively speaking), then no problem - but if he at least wants to break even and not lose money, then he has to set a value upon his time. Yes?Jumping Frog wrote:A person can feel like their time is fully valued by their sense of satisfaction in accomplishing valued goals or performing good acts, not necessarily by the money earned. Just look at the millions of hours spent by church volunteers. . .n5wd wrote:How much do you value your own time?polisci wrote:My goal is NOT to make money.
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Return to “Fees for CHL classes TOO expensive!”
- Sun Dec 04, 2011 7:03 pm
- Forum: New to CHL?
- Topic: Fees for CHL classes TOO expensive!
- Replies: 60
- Views: 9701
Re: Fees for CHL classes TOO expensive!
- Sat Dec 03, 2011 7:27 pm
- Forum: New to CHL?
- Topic: Fees for CHL classes TOO expensive!
- Replies: 60
- Views: 9701
Re: Fees for CHL classes TOO expensive!
To put it in perspective, it sounds like you're talking about a price difference equal to the cost of 3 or 4 boxes of .45 ACP or the cost of 3 or 4 entrees at a mid-range restaurant. For a license good for five years it's equal to a dollar a week.
I agree the class cost seems high for one day of classroom plus an hour on the range, but if $50 is the difference between your class and existing classes, I don't know how many people that will get off the fence when the state is charging $140 for the license.
I agree the class cost seems high for one day of classroom plus an hour on the range, but if $50 is the difference between your class and existing classes, I don't know how many people that will get off the fence when the state is charging $140 for the license.
- Sat Dec 03, 2011 6:08 pm
- Forum: New to CHL?
- Topic: Fees for CHL classes TOO expensive!
- Replies: 60
- Views: 9701
Re: Fees for CHL classes TOO expensive!
Figure out your costs, then you can see how much to charge to make money or break even, depending on your goals.