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There may indeed be a ceiling. It's not even near whatever he's charging that leads to a 5 hour lineup. Similar situation, my mother is a lawyer mostly handlin
by mabbo 8y ago
There may indeed be a ceiling. It's not even near whatever he's charging that leads to a 5 hour lineup.
Similar situation, my mother is a lawyer mostly handling wills/estates and real estate deals. Small town law firm, sole practitioner. She's got too many clients, too much work, and she hates turning people away. She's got a small army of secretaries working their asses off. It's good business, but she wants to do less so that eventually she can retire.
She's trying a new strategy: raising prices every 3 months until there's exactly as much work as she wants to do. If things get a bit dry, she can lower prices a bit again. But by fluctuating ever so slightly, she can choose how much work she wants to do.
- idontpost 8y agoI feel like this should be fairly obvious business economics. If there is too much demand for your product for you to service, you should raise your prices until the demand matches what you can produce. It's basic supply and demand. The opposite applies as well. If you have excess capacity that's going unused, you should lower your prices (down to the marginal cost anyway).