Listen to “The Art of Raising Prices” on Spreaker. Listen in as Greg outlines a process for raising prices and the importance of narratives in this critical profitability driver. Recorded at the Aspire Ignite! Conference in Columbus, Ohio, July 29, 2021....
We have spent the past two weeks discussing portfolio analysis in great depth here on Profit. Value. Life. Now we will take a look at some portfolio analysis case studies. First, I introduced the benefits of portfolio analysis: greater margin—in both profit and life....
As discussed in my last post, the chief goals of performing an in-depth portfolio analysis are to gain insight into ways to optimize a business and its profit margins. Net profit margin is a percentage calculated by dividing pre-tax net income by revenue. That...
Far too many business owners suffer from a lack of time. The business takes everything they have in terms of time and energy. They run from one fire to another – doing their best to put them out quickly. There is no spare time; there is no spare energy. They lack...
Wage inflation is alive and well. You have identified a need to raise prices, and you have decided that it is the best time to do so for your company. What can you do to ensure that the price increase is a success? The first step is to determine your new pricing....
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