Why? Because if you’re asking the question, there’s probably a good reason. Maybe the cost of operations is increasing. Maybe you want to improve the quality of your goods and services. Maybe you just want to increase the profitability of the business. These are all perfectly good reasons for your business — or any business — to raise their prices.
So what’s the hard part? Well, working out how much to raise prices by. This is where it gets tricky and you need to consider a few things first.