Setting a price for your time as a new entrepreneur involves a combination of self-assessment, market research, and strategic thinking. Here’s a step-by-step approach to help you determine how much to charge per minute for your expertise:
1. Understand Your Value
-Skills and Expertise: Assess the level of expertise you bring to the table. The more specialized or in-demand your knowledge, the more you can charge.

- Experience: Consider your experience in the field. If you're highly experienced, you can justify a higher rate.
Impact: Think about the value or impact your advice can have on the client. If your guidance can significantly benefit their business or personal goals, this justifies a higher rate.

2. Research the Market
- Industry Standards: Research what others in your field charge for similar services. Look at both established professionals and newer entrepreneurs to get a range.
Competitors: Identify your direct competitors and understand their pricing structure. You don’t want to price yourself too far above or below unless you have a clear reason.

3. Calculate Your Desired Income
-Annual Income Goal: Determine how much you want to earn annually.
-Work Hours: Estimate the number of hours you plan to work each week and multiply by the number of weeks you’ll work in a year to get your total work hours.
-Rate per Hour: Divide your annual income goal by the total work hours to get your desired hourly rate. Then divide that by 60 to find your per-minute rate.
Example:
Annual Income Goal: $100,000
Weekly Work Hours: 40
Weeks per Year: 50 (considering some time off)
Total Work Hours: 2,000 (40 hours/week * 50 weeks)
Hourly Rate: $50/hour ($100,000 / 2,000 hours)
Per Minute Rate: $0.83/minute ($50/hour / 60 minutes)

4. Adjust for Demand and Perceived Value
-Client Demand: If you find that demand for your services is high, you might consider raising your rates.
-Perceived Value: Sometimes, clients equate higher prices with higher value. If you position yourself as a premium provider, you can charge more.

5. Consider Your Costs
-Business Expenses: Factor in costs like marketing, tools, software, and any other overheads you need to cover.
Taxes: Don’t forget to account for taxes. Depending on your location, set aside a portion of your income for tax payments.
Value-Added Services: If you provide additional resources or follow-up support, you can charge a premium.
This approach should help you set a competitive and fair rate for your time while ensuring that your business remains profitable.