3-3: Setting Your Price When Everything Costs More: Inflation!

Welcome to The Business of Business: Two Daughters & Their Dad where we talk about all things entrepreneurial!Today, Jack, Staci & Jennifer talk about a topic on everyone’s mind – Inflation.  It’s coming at us from all fronts so how, when and if do we raise our prices?  And what’s up with surcharges for things like covid precautions and increased fuel costs?There is no one “right” answer that fits all entrepreneurs or all businesses.  From providing an increased customer experience to offset staff shortages to surcharges and cost of living price increases, the Dempsey family has a frank discussion on this timely topic. Nuggets for fellow entrepreneurs include:- Call a thing a thing – yep we’ve said this before!- The customer experience is controllable, even when costs are not- Deliver experience in an exceptional way- Be as creative as you can with customer experience- Showing gratitude is key Email us at:  [email protected] sure to like and follow our Facebook page and on YouTubeJennifer Faith Dempsey has been in the beauty industry for over 10 years. The last 3 1/2 years she has owned J. Faith Hair Studio. She brings her experience on how she balances entrepreneurship and motherhood.Staci Joy Dempsey is an insurance agent, a mom and a busy non-profit volunteer. She truly understands what it means to be an entrepreneur.  Staci serves as the podcast's host.Jack Dempsey is the dad who heads up this busy family.  He is a founding partneDempsey, Weiss & AssociatesMeeting the insurance and financial needs of business owners & individuals in NJ & PA since 1989.J. Faith Hair StudioLocated in south NJ, J Faith Hair Studio is the place to go to become the best version of yourself.Flying High Agility & Dog TrainingHelping people & their pets since 2003. We come to you!Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Email us at: [email protected] Please download our Best of Nuggets eBook here. Like and follow us on FacebookJennifer Faith Dempsey has been in the beauty industry for over 10 years. For the last 5m years, she has owned J. Faith Hair Studio. She brings her experience on how she balances entrepreneurship and motherhood. Check out Jen’s blog.Staci Joy Dempsey is an insurance agent, a mom, and a busy non-profit volunteer. She truly understands what it means to be an entrepreneur. Staci serves as the podcast's host.Jack Dempsey is the dad who heads up this busy family. He is a founding partner in Dempsey, Weiss & Associates, an Elmer, NJ-based insurance and investment firm that began more than 30 years ago.