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1. Strategically Raise Prices: Increase prices to cover rising costs, starting with loyal clients. For example, if energy costs rise, explain to long-term clients why their fees are increasing, showing how you continue to add value to their business.
2. Build Client Trust: Maintain transparency about price increases by communicating clearly and demonstrating the benefits. For instance, sending an email detailing the reasons behind a price hike can help clients understand and accept the change.
By Peter Boolkah | JUL 31, 2024
Read the original article at FORBES
BUSINESS INSIDER – Lexis Czumak-Abreu, once aspiring to be a surgeon, found fulfillment in becoming a full-time electrician. With a family background in electrical work, she embraced the challenges and rewards of the trade, appreciating the tangible outcomes and variety of daily tasks. Lexis also faced and overcame the physical demands and occasional workplace biases of the industry, ultimately finding satisfaction in her chosen career path.
