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Posted by Karen on 22 September 2009 | 0 Comments
Tags: strategy, additional costs, profit margin, cash flow
Dear Saige Adviser, The costs of running my business have gone up (despite what they keep telling me on the news) but I have held off increasing my prices. It just doesn't seem right when the economy is in a slump to pump up prices. I don't want any existing sales to dry up. What's the best approach to keep customers on my side during the economic downtimes? Should I be doing more and adding a bit of a discount to keep people happy? Yours, Fiscally Anxious
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