EPISODE · Aug 25, 2024 · 15 MIN
Ask a CFO with James Vanreusel - Smart Pricing Strategies in Economic Downturns
from ASK a CFO · host Vanreusel Ventures
In this episode of Ask A CFO, we discuss the dicey and sometimes taboo topic of --RAISING PRICES! EEEK. Why would you do such a thing? Well, sometimes you have to just to stay afloat because when there is a downturn, that doesn't exclude Y-O-U. We are all "in it together," right? So if you or your business is experiencing expenses tied to inflation, increasing overheads, and narrowing profit margins, or even better, your team is just betting faster with higher output, it may be time to raise your pricing. Read more here
What this episode covers
In this episode of Ask A CFO, we discuss the dicey and sometimes taboo topic of --RAISING PRICES! EEEK. Why would you do such a thing? Well, sometimes you have to just to stay afloat because when there is a downturn, that doesn't exclude Y-O-U. We are all "in it together," right? So if you or your business is experiencing expenses tied to inflation, increasing overheads, and narrowing profit margins, or even better, your team is just betting faster with higher output, it may be time to raise your pricing. Read more here
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Ask a CFO with James Vanreusel - Smart Pricing Strategies in Economic Downturns
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