Questioning the Billable Hour part 1: The Sketch Artist, A Parable about Pricing

Nov 24
09:23

2009

Glenn Harrington

Glenn Harrington

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Questioning the Billable Hour is a three-part series leading many to conclude that price paid should reflect value provided, rather than time spent. The alternative proposed is value-based pricing, fixed up front (as part of the selling/buying process) backed by a satisfaction guarantee.

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Questioning the Billable Hour part 1: The Sketch Artist,Questioning the Billable Hour part 1: The Sketch Artist, A Parable about Pricing Articles A Parable about Pricing

Paris, France, 1948: A young woman strolls along a downtown street and notices a man busily sketching a bowl of fruit. She stops.

“Do you sketch portraits?” she asks the man. “Yes, I do,” he replies, not looking up from the paper.

"Will you sketch a portrait of me, for me to take to my father? I am on my way to him now.”

The artist looks up from his drawing. “Yes. Have a seat.”

Three minutes later, the man presents a portrait to the young woman.

“It’s very good,” she says, not noticing the signature: Picasso. “How much do I owe you?”  He replies, “Three thousand francs.”

“Three thousand!” she exclaims. “But it only took you three minutes!”

Looking into her eyes, the artist retorts, “No. It took me all of my life.”

- Glenn R. Harrington, Articulate Consultants Inc.