Quote:
Originally Posted by potter
I don't understand your issue then. I'm not going to argue insurance rates with you because it's completely irrelevant to the points I was making earlier. Saying your insurance will rise 14% is completely meaningless to any discussion because 14% to you means something to only you and no one else. For one business it could rise 30% but they could still turn even higher profits for the year, for another it could rise 3% and it could lower their profits for the year. It is literally irrelevant to any discussion because one number alone is not a set of metrics of any kind. Only you as a business owner can decide how an expense will be handled in your company. It is entirely up to you and only you.
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The point was not about arguing insurance rates. The point was doing the research and all of those things are only small tools that we can use. It's not like when raw plastic goes up because of some disastor somewhere that we can automatically raise prices to all of our customers. Even when we do raise prices it takes months before we begin to rebuild the cash on hand.
The real world of mainstream is not a whole lot like the business classes they teach in a college.
Maybe in fortune 500 companies there is a formula that they follow religeously, but not in smaller companies. It's a lot of gut checks and risk taking that goes into it.