I don’t think I can take on any more clients. Raise your rates by how much? Enough to lose some clients. That makes no sense. If you doubled your rates and lost half your clients, you’d still be making the same amount of income and you’d have twice as much time to develop new business. That makes a lot of sense. I just

7 Comments

  1. You don’t double the old clients maybe up it alittle because everything for you business has gotten more expensive but charge new ones how ever much you think is worth it

  2. I ran a small business in my twenties and thirties. It was really, really hard. The business had been started by my father at the same time as I left school, so it seemed like a natural fit. He went into semi retirement a few years in, leaving me to run the company, but shackled by his pricing methods and tough work ethic and my own lack of experience.
    A lot of the time we struggled, with an excessive amount of work and low returns, both of which imposed a huge burden on myself, whilst my father enjoyed a pretty comfortable lifestyle.
    My main regret from this period of my life is that I didn’t do what you are saying, and increased our prices until we lost a few customers. They would probably have been the ones we could have done without anyway. The ones who demanded the highest level of service for the least amount of money. Good luck for the future.

Pin