Pricing or offer structure documented
Your pathway/D3.SL
D3.SL.05
Pricing or offer structure documented
How this closesWork through it with Pathfinder — Pathfinder writes this with you and saves it to your record.
Why this matters
Pricing is the fastest lever you have. A ten percent increase goes almost entirely to profit, where a ten percent increase in sales costs you materials, labour and time to deliver.
Pricing set by guesswork or by matching a competitor is the most common reason a busy business still makes no money at the end of the year.
Before you start
You need to know what it costs you to deliver one unit or one job: materials, labour, and your own time at a real hourly figure. If you do not know, work that out first. The financial milestones in this pathway cover it, and pricing without it is guessing with extra steps.
Also have your current prices written down somewhere, including the discounts you give in conversation but never wrote down. Those are part of your pricing whether you call them that or not.
The rest of this step is for LAEDC clients
The steps themselves, the questions worth asking Pathfinder, where to send your document, and who to call when you get stuck. An account is free, it keeps your progress, and it connects you to an advisor who works with businesses like yours.
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