Posted by: Rohit55 November 20, 2017
New business owners - pricing power
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Whatever I sold in 2013, I still sell the same thing...the only difference is..mprices are up 60 per cent since 2013...and well....i am happy too.....in the next 10 years....i am going to raise the price even more...simply because..i can....and to run a very profitable business you don't need to know good English, you don't need to be educated in saint Xavier or budanikanth or any hifi..schools...all you need is a good product or service in a location that needs it.....and making a good living from a successful small business is not a big deal...in fact you may find these well educated flurnt english people wanting to work for you...it happens..as they too need to pay bills before they find their dream jobs etc...all in all...owning a small business at the right location can make your life easy too but make sure you understand the formula..if you can't raise the price by 10 percent because of the threat of customers running away to your nearest competitor...find something else or some other place...where you have something that others done...i know ..it is easy say than done..
Last edited: 20-Nov-17 02:43 PM
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