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  • Peter Normington

    Member
    December 29, 2010 at 10:27 am
    quote Phill Fenton:

    In other words – we should all be putting our prices up by at least 5% (before VAT is added) simply in order to stay still and counter the effect of the last twelve months of inflation.

    or become leaner and meaner, find ways to produce cheaper, and sell more competitively. By just increasing prices it is only adding fuel to the fire. 🙁

    Prices do need to be increased on a regular basis though, to keep up with your own materials and cost increases.

    What assets do you recommend Phil?
    is there something that is guaranteed to give a real increase in its value over the next 10 years?

    Peter