How do you go about pricing your services for profit?
Communicating cost increases to your clients aren't the easiest yet it has to be done as a business continues to grow. Thoughts?
Forum Discussion
Hi all.
New here. Yay! all responses are good but I did not see anyway talk about the inflation percentage rate to be considered. At one time I had the same problem. My CPA told me that I needed to add verbiage on my yearly contracts about the expectation of charging more when the inflation percentage rate would increase e.g. between an 2.5%-4.5% annually. So I try to look at % to help me determine to prepare for an increase or not.
This is something I have struggled with too because with the cost of everything going up I don't want to just pass on the expense to customers who are getting it everywhere from gas to groceries and everything in between. But I also can't afford to eat all of the added expenses.
