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Tackling Inflation: Strategies to Manage Costs, Pricing, and Wages
Manage episode 427984947 series 3527345
Stressing over rising costs and wage pressures? This episode dives into essential strategies for managing inflation, from understanding your numbers and optimizing labor costs to leveraging automation tools for efficiency. Learn how to communicate price increases to clients, negotiate with suppliers, and implement effective pricing models. Join Richard Grove, of The Small Business Consultant, for insights from on maintaining profitability and preparing for future inflation challenges with practical, actionable advice.
(00:00) Introduction to the episode and guests
(01:13) Your first step in tackling inflation: understanding your numbers
(04:43) Strategies for managing labor costs
(06:35) Leveraging employee interests and offering new opportunities
(08:05) Using Jobber to automate invoicing and save time
(08:56) Understanding unit economics and pricing models to cut costs and eliminate inefficiencies
(11:55) How to communicate and negotiate with suppliers to save costs
(14:41) Benefits of long-term relationships with suppliers and the impact of volume on pricing tiers.
(16:42) Strategies for communicating increased pricing to clients and implementing pricing tiers or referral incentives
(21:53) Predictions on the future of inflation and the potential impact for business owners
(22:57) Adam’s key takeaways: know your costs, play around with your pricing, and have accurate numbers.
76 episoder
Manage episode 427984947 series 3527345
Stressing over rising costs and wage pressures? This episode dives into essential strategies for managing inflation, from understanding your numbers and optimizing labor costs to leveraging automation tools for efficiency. Learn how to communicate price increases to clients, negotiate with suppliers, and implement effective pricing models. Join Richard Grove, of The Small Business Consultant, for insights from on maintaining profitability and preparing for future inflation challenges with practical, actionable advice.
(00:00) Introduction to the episode and guests
(01:13) Your first step in tackling inflation: understanding your numbers
(04:43) Strategies for managing labor costs
(06:35) Leveraging employee interests and offering new opportunities
(08:05) Using Jobber to automate invoicing and save time
(08:56) Understanding unit economics and pricing models to cut costs and eliminate inefficiencies
(11:55) How to communicate and negotiate with suppliers to save costs
(14:41) Benefits of long-term relationships with suppliers and the impact of volume on pricing tiers.
(16:42) Strategies for communicating increased pricing to clients and implementing pricing tiers or referral incentives
(21:53) Predictions on the future of inflation and the potential impact for business owners
(22:57) Adam’s key takeaways: know your costs, play around with your pricing, and have accurate numbers.
76 episoder
Alla avsnitt
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1 How to Grow Even in a Downward Economy 30:47
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1 Our Top 10 Growth Tips to Help You Scale in 2025 31:14
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1 A Recap of our BEST Marketing Tips from this Year 27:53
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1 A Simple Audit that Costs $0, and Makes you Money 29:57
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1 Get High Paying Customers by Going the Extra Mile 36:31
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1 Free Marketing Strategies That Actually Work 31:40
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1 A Step-by-Step Guide for Maximizing Profit 24:53
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1 Navigating AI in Your Business: Balancing Tech and Human Touch 23:45
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1 Top Automation Hacks to Save Time & Money 24:44
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