What are three common issues the small manufacturers face?

Three common issues that small manufacturers often face are: • Limited Resources: Small manufacturers often have restricted budgets, workforce, and technology, which can hinder their ability to scale, innovate, or adapt to market changes. • Supply Chain Challenges: Managing complex supply chains, sourcing materials, coordinating logistics, and maintaining quality control can be overwhelming for small …

Raise Your Prices?

I remember hearing a story about a tattoo artist who was charging $50 an hour for his services. When a Business Coach told him he should double his price, raise it to $100 an hour, his reply was “I will lose half my customers” The coach explained that the industry average for the area was …