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Pricing for Profit

We know that being in business can be competitive and at times stressful. There’s a lot to balance, all the while standing out from the crowd, attracting new customers and managing cash flow.

Having the correct pricing structure is critical in business. And pricing for profit is an essential part of your business’ success.

The process of setting prices that will generate enough revenue to cover your costs and provide a profit for future growth and investment may be difficult but will be well worth the effort.

When the pressure is on to perform or compete, you might instinctively go to discount, undercut your competitors, cut costs and promote through price alone.

However, using a firm and focused pricing framework based on real costs for real projects will allow you to successfully price for profit.

And the right price can boost business faster than increasing volume will; whilst the wrong price can shrink it just as quickly.

Pricing for profit means having the confidence to charge the price you deserve – promoting your quality, reliability and excellent service delivery rather than a cheap rate.

At Hub Advisory Group we are experienced in pricing strategy. Our suite of business advisory and business accounting services will enable you to establish a pricing structure to see you succeed.

If you’d like to discuss your products and pricing, the financial goals for your business and strategies to achieve them, contact the team at Hub for an appointment.

We work with businesses of a variety of sizes, across various industry sectors, located throughout Newcastle, Lake Macquarie and the Hunter Valley.

p: (02) 4926 8000 e: a: 275A Hunter Street Newcastle, NSW 2300

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