• Raising Rates by 5% Isn’t Enough: How to Boost Your Profit Margins for Real Growth

  • Feb 18 2025
  • Length: 11 mins
  • Podcast

Raising Rates by 5% Isn’t Enough: How to Boost Your Profit Margins for Real Growth

  • Summary

  • Are your annual rate increases actually helping your firm grow?


    Many accounting firm owners rely on small, incremental rate hikes of 5-10% each year, believing it will boost profits. However, inflation and rising operational costs often make these minor increases insufficient.


    If you’ve been increasing your rates but still struggle to improve your bottom line, it’s a sign your pricing strategy might be holding you back.


    In this episode, we’ll explore why small rate increases aren’t enough and how they could be costing you more than you realize.


    Perfect for accounting firm owners who want to break free from the cycle of incremental price hikes and start pricing for value.


    This episode covers:

    ✅ The impact of inflation on your profit margins.

    ✅ Why small rate increases don’t keep up with rising costs.

    ✅ How to shift from hourly billing to value-based pricing.


    If you’re ready to rethink your pricing strategy and see real results, listen to this episode and take the first step toward healthier profit margins and greater financial freedom.


    If you want to double your income, working half the time, then Get Paid What You're Worth is a FREE resource for accounting professionals. Check out this 43-page e-book at https://businesssuccesssolution.com/worth


    Subscribe to the Accounting Firm Growth Strategies Podcast: https://podcasters.spotify.com/pod/show/loren-fogelman2


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