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thenewgreen  ·  4557 days ago  ·  link  ·    ·  parent  ·  post: What’s a $4,000 Suit Worth?

Good call. I was recently traveling and trying to find the local NPR station. I couldn't find it and ended up listening to some talk radio. The host was giving business advice to people struggling with their small businesses. One person owned a power washing company. He was too busy to breathe, but still not making enough money. The advice he received was to raise his prices and that he should be losing approx 30% of his bids. If he is winning them all, he is priced too low. "Raise your prices" is the advice no business owner likes hearing, it terrifies most of them. But if you have a niche like this suit maker does, you ought to. There are people that will pay 8-10k a suit, which means he will work 1/2 the time for the same amount of $. It's a no brainer.