Common mistakes can kill your small business. That’s why we have an ongoing series of examples: so we can learn together.
Today’s example is from the recent panic buying driving up prices in the firearms industry, post-election. One small business quickly raised prices on their website. Unfortunately, they forgot to update the list price. The end result: Your Savings turned into a big negative number. Oops!
What is the lesson? Well, I would say to avoid price gouging during panics. And to approach price increases in a considered manner. Just a thought.
- Best practices for rural housing - July 19, 2021
- How to be more open to new ideas #IdeaFriendly - July 3, 2021
- Market your small town as a movie filming location, attract movie and game fan tourists - June 28, 2021
- Survey of Rural Challenges 2021 results, analysis of themes from 2015 through today - June 7, 2021
- What makes a small town a micropolitan or nanopolitan? - May 22, 2021
- Improving Rural Housing: turning blighted dilapidated houses into new homes - May 7, 2021
- Are marijuana shops good or bad for small towns? - April 22, 2021
- Downtown is your town’s core: How to make your case - February 22, 2021
- Zoom Towns: attracting and supporting remote workers in rural small towns - December 10, 2020
- In an economic crisis, spend your brainpower before your dollars - November 25, 2020