Latest CPI statistics released
The ABS released the June 2015 CPI statistics last week showing a headline increase of 1.5% last financial year. ABS – June key figures
If you have not increased your prices in the last twelve months, you have effectively discounted your prices by a minimum of 1.5%.
Review your pricing
We recommend that you review the CPI movement for your industry and look at increasing your prices to at least keep pace with the CPI. Whilst increasing prices can be daunting, it has to be done periodically. Read the following article for some useful tips on how to approach a price increase. How to increase prices without losing customers
Protect your profit margin
If your competitors are not increasing their prices, and this concerns you, then you need to look closely at your cost of doing business. Can you protect your profit margin by making efficiency gains and keeping a lid on your input costs?
You can click here to speak to a business, accounting and bookkeeping firm. We also offer hospitality business consultation and mortgage services. We will give you a call to know more about your needs. We will explain to you how we can improve your business.
Ballarat Accountants | Business Accountants Ballarat | Ballarat Bookkeepers | Ballarat Mortgage Broker | Ballarat Financial Planners | Ballarat Accounting Firms | Ballarat Bookkeeping Firms
Phone: 1300 328 855
Office Address: 902 Howitt Street, Wendouree, Victoria 3355, Australia
Postal Address: PO Box 2234, Bakery Hill, Victoria 3354
Melbourne Accountants | Business Accountants Melbourne | Melbourne Bookkeepers | Melbourne Mortgage Brokers | Melbourne Financial Planners | Melbourne Accounting Firms | Melbourne Bookkeeping Firms
Sunbury Accountants | Business Accountants Sunbury | Sunbury Bookkeepers | Sunbury Mortgage Brokers | Sunbury Financial Planners | Sunbury Accounting Firms | Sunbury Bookkeeping Firms
Gisborne Accountants | Business Accountants Gisborne | Gisborne Bookkeepers | Gisborne Mortgage Brokers | Gisborne Financial Planners | Gisborne Accounting Firms | Gisborne Bookkeeping Firms
Phone: 03 97444522
Sunbury Office Address: Suite 13, 33-35 Macedon Street, Sunbury, Victoria 3429, Australia
Gisborne Office Address: 45 Hamilton Street, Gisborne, Victoria 3437, Australia
Postal Address: PO Box 270 Gisborne Victoria 3437