Reopening in the New Reality: Pricing and Service Menu Strategies
May 27, 2020
Determining how to manage pricing and service menu changes before and after reopening can be challenging. To help, we were recently joined by Neil Ducoff, founder and CEO of Strategies, for a webinar where he broke down the financial reality of business openings.
View the video below to watch Neil discuss how to ensure your service pricing is enough to cover the cost of social distancing, sanitizing, and the possibility of reduced staff. You'll also learn:
- How to calculate your "Cost per Hour", to ensure your prices cover costs and profit.
- How to cover the added cost of sanitizing before and after every service... including increased laundry.
- How and why your overall productivity rate is more critical than ever.