by Royer Advisors | Dec 11, 2024 | Business Plans
The Consumer Price Index covers food, clothing, shelter, fuels, transportation, doctors’ and dentists’ services, drugs, and other goods and services that people buy for day-to-day living. Over the last year, consumer prices rose 7.9%, according to the...
by Royer Advisors | Dec 11, 2024 | Business Plans, Financial Planning
A price increase is sometimes unavoidable — and now might be one of those times as many businesses are dealing with cost increases, supply chain bottlenecks, and labor shortages. The key to implementing a price hike with minimal loss of customers is timing. It’s...
by Royer Advisors | Dec 11, 2024 | Business Plans
Have your customers been complaining about such issues as service disruptions, back-ordered products, unreturned phone calls, curtailed business hours, and unexpected price increases? Thanks to labor shortages, rising costs, and supply chain disruptions for many...
by Royer Advisors | Dec 11, 2024 | Business Plans
Employers and employees may not see eye-to-eye on many topics, including the adequacy of their paychecks. When it comes to wages and salaries, the amounts are relatively cut-and-dried. However, the value of contingent compensation elements — such as health benefits —...
by Royer Advisors | Dec 11, 2024 | Business Plans
Have you compiled a list of New Year’s resolutions for your small business in 2022? Resolutions don’t have to be limited to your personal life. Consider how you can improve your role as a small business owner in the upcoming year. Of course,...
by Royer Advisors | Dec 11, 2024 | Business Plans
Many employers have been raising wages substantially to maintain operations in today’s tight labor market. That’s most evident in the leisure and hospitality sector, where average hourly wages rose 12% for the year ending October 2021. For many organizations,...
