Business owners need to monitor costs right now, and price adjustment is one way to do that. But be careful about how you approach it and don’t let it be your only strategy.
There are often too many variables at play for a per foot method to be a reliable way to price jobs
Don’t let rising diesel and gas prices due to inflation woes, oil production interruptions and chaos in the world upend your profitability
Customers don’t like price increases, but if you get the messaging right, you can usually avoid pushback and still retain their business
The end of the year is a good time to assess where you stand with your profits and expenses and if there are any problems affecting your bottom line that can be remedied
If you get complaints about pricing, don’t automatically assume it means customers want you to go as cheap as possible. Consider the lessons of the author’s story.
Here’s a look back on some of the best pieces of advice contractors shared in the pages of Dig Different magazine in the past year