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Raise Your Rates, Even If You Lose Clients | Businessing
The math on raising your rates is not what you think. Bump a price 10%, lose a quarter of your clients, and you still walk away with the same profit and more free time.
Today Professor Miller hits the whiteboard to show exactly what a rate increase does to your bottom line, and he hands you the three-sentence email that tells a client the price is going up without a single apology. Then it's the Idea Slam mailbag: a client you actually like is two months late paying and keeps saying the check is coming. When do you stop being nice about it? Plus two AI stories in plain English, ChatGPT…
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