25/10/2026
π‘ Business Tip: Are You Pricing Your Services Correctly?
Many business owners calculate their prices based mainly on competitors or material costs.
But your actual selling price should also consider operating expenses, employee costs, overheads, and the profit your business needs to remain sustainable.
Before setting your prices, review
βοΈ Direct costs of delivering your service
βοΈ Staff wages and operating expenses
βοΈ Business overheads
βοΈ Your desired profit margin
βοΈ Changes in supplier and operating costs
π Setting prices without understanding your true costs can reduce profitability, even when sales are increasing.
At Philip Nolan Accountants, we help UK businesses understand their financial performance and make informed business decisions.
π Better financial understanding leads to smarter pricing and stronger business growth.
π 0800 058 8330 | 0203 519 4484
π§ [email protected]
π www.philipnolan.co.uk