One of the best quickest and most overlooked ways to improve profitability is to increase your prices.
Many business owners are reluctant to do this thinking it will cost them sales but often the reality is different especially when the rise isn’t too dramatic.
Obviously, you need to be competitive in your market or have a major point of difference
(outstanding service, extended terms, a superior guarantee, extra value or simply a much better product or service) and your price increase doesn’t necessarily have to be across all your inventory or services.
When was the last time you really looked at your pricing policy?