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<blockquote data-quote="tlambing" data-source="post: 347847" data-attributes="member: 25620"><p>I have just retired after 22 yrs owning/running my own removables lab. Yes, there were some months slower than others, but I can say that not a single month did I not turn a profit. I have known however, many other small labs that have struggled and sold or closed over the years. In my opinion being a great technician and a great business mind do not always go hand in hand. By your questioning post it sounds like you’re aware and care enough to be great at both! A few things that helped me over the years…</p><p>1. Raising my prices a bit every year (as costs of goods rise),I never had a client leave over price.</p><p>2. Charging more for expedited services</p><p>3. Finding a niche that serves the majority of your clients (For me this was flexibles) </p><p>4. Offer the help your clients be successful! bending over backward sometimes to help every step of the way, will endear your clients to you, referrals will follow</p><p></p><p>In your situation I also think, open transparent accounting, since your income is based on a profit that you are not in charge of calculating.</p></blockquote><p></p>
[QUOTE="tlambing, post: 347847, member: 25620"] I have just retired after 22 yrs owning/running my own removables lab. Yes, there were some months slower than others, but I can say that not a single month did I not turn a profit. I have known however, many other small labs that have struggled and sold or closed over the years. In my opinion being a great technician and a great business mind do not always go hand in hand. By your questioning post it sounds like you’re aware and care enough to be great at both! A few things that helped me over the years… 1. Raising my prices a bit every year (as costs of goods rise),I never had a client leave over price. 2. Charging more for expedited services 3. Finding a niche that serves the majority of your clients (For me this was flexibles) 4. Offer the help your clients be successful! bending over backward sometimes to help every step of the way, will endear your clients to you, referrals will follow In your situation I also think, open transparent accounting, since your income is based on a profit that you are not in charge of calculating. [/QUOTE]
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