EP 518 Hike Your Coffee Prices Now (The Daily Coffee Pro Podcast by MAP IT FORWARD) - a podcast by MAP IT FORWARD

Even though business in general for the coffee industry is better than ever, cafes around the world are caught between their desire to remain the friendly local community hub and the increasing pressures of inflation that are driving down profitability and making it harder and harder to stay in business. Business owners want to keep their prices reasonable but the pressure is mounting and sooner or later, they're going to have to give in. In this episode of The Daily Coffee Pro by MAP IT FORWARD, we talk about why we think you should significantly increase your prices without delay and how to assess if this strategy is a right fit for you now!

(p.s. obviously, we're not your accountant or your or your business development manager and the information in this episode is a guide only. You should have a well thought out Customer Acquisition Plan and consult your accountant or a consultant if you don't know how to do a cost breakdown analysis or read a P&L)

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SPONSOR: MAP IT FORWARD Consulting

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https://www.mapitforward.org/consulting

@imapitforward

If you’re looking for game-changing consulting for your coffee small business, get in contact with us today at support@mapitforward.org to start a discussion about your consulting needs for 2022

Check our testimonials at: https://www.mapitforward.org/testimonials

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Watch The Global Coffee Townhall in English Spanish, Arabic, and Portuguese at: https://bit.ly/3B9Oho1

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FURTHER INFO

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Website: https://www.mapitforward.org

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