Is it ethical to raise my prices after less than six months in business?
Raise your prices on your highest-end items first versus doing something across the board. As your customers get used to the higher prices, you can adjust prices gradually on your different products across the board.
Also remember there is nothing sneaky or unfair about making a profit; without it you simply will not survive and your customers will lose out on what they obviously perceive to be a valuable service.
Brad Sugars is the founder and chairman of ActionCOACH. As an entrepreneur, author and business coach, he has owned and operated more than two dozen companies including his main company, ActionCOACH, which has more than 1,000 offices in 34 countries.