I’m sure you’ve heard the dirty “I” word floating around recently. No reason to stress, we got your covered with some info, tips & tricks to not only survive but thrive in this upcoming recession. Join hosts Jason Everett and Doug Campbell with guest David Phelps to learn more!
Takeaways:
03:31 - The definition of inflation
07:04 - How to know if you’re charging a good amount as prices for everything rise
08:18 - When’s the last time you raised your prices?
11:02 - Why NOW is the best time ever to raise prices
20:00 - The rule of 72
Quotes:
“You've got too much money chasing too few goods.” David Phelps (03:50)
“Because you can only feel like, you know, what, push prices so much, right?” David Phelps (05:53)
“if you just understand that there are people who will still have money through this entire process, they will continue to pay a high end premium for services. And when you get focused on the lowest income people that are leaving and you're worried, that's everybody, it's usually not everybody. Usually it's less than 10% and you need to continue to keep your elevated experience so that the people who have money can continue to get their services.” Jason Everett (14:05)
“Owning your building is a great way to like, fix your rent.” Jason Everett (18:57)
Links Mentioned:
Evorevopodcast.com
High-Performance Salon Website
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