Price increases can be an extremely touchy subject in many businesses—small or otherwise. While they are inevitable and you will likely have to wrestle with how and when and what to do regarding a price raise at some point or another, figuring out how best to go about it can be tough. One thing to be extremely careful of, however, is too large of a leap or too big of a price increase. I have recently been working with an organization that raised prices on a certain service by 150% in the course of one month. Something that had cost … Continue reading →