How Much Should I Increase My Prices Every Year?

Raising prices is essential (for any business) to stay competitive, but it’s not easy. Increasing it too much will lose your customers, and increasing it too little will make your business fall behind others in the market. Knowing how much to raise your prices, when to raise them and how to do it is essential for maintaining a profitable and well-run organization. Froehling Anderson shares some things to consider before raising your prices: