How much should I charge for a cake?
Pricing is one of the top issues in running any type of business. Set the price too low, and you could go out of business because you don't have enough money to cover your expenses. If you set your price too high, then you could go out of business because you don't have enough sales pricing for sure is a tricky little beast.
However, just like with most things in business, pricing is all about having the right formula. “Cover your costs then add a profit!” That's literally it when it comes to pricing, but the issue most people have is understanding their cost. So in this post, we're gonna chat about what to include when it comes to setting a price for your products.