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It is a simple fact that it costs significantly more to run your business than it did a few years ago. From fuel and material prices to increased labor rates, you wonāt have a profit margin to speak of if you donāt adjust accordingly. Despite this necessity, you might be reluctant to raise prices and […]
U.S. inflation hit a 30-year high in October, according to the Bureau of Labor Statistics. Couple this with the need to raise employeesā wages to stay competitive and your gross profit margins have probably been shrinking for a while now. While talking to customers about your increased rates may be daunting, it is an absolute […]
