The Easiest and Quickest Way to Grow your Business There are 5 ways to grow your business – increase customers, get customers to buy more, increase the value of each transaction, increase prices or increase efficiency. By far the quickest and easiest way, according to expert pricing accountant Peter Hill, is simply to increase your prices. He issues a challenge to businesses – if you want to increase your profits in one, easy step, increase your prices by 5% immediately. A quick example would be a conveyancing quote I recently had. We contacted three law firms to get a price on selling a field (sale transaction is less than £20k) and got quotes of £475, £400 and £200. Thinking about it now – if the £200 quote had been £210 it still would have been the lowest price, and if I had been a bit distrustful of the low quote I would still have gone with the medium quote with a 5% increase at £420. Applying this to our own business does not really work, because in recruitment most of our busin...
Award winning blog with 100s of articles on the legal profession, legal recruitment and legal job markets by Jonathan Fagan, MD of Ten-Percent Legal Recruitment, recruitment consultants based in the UK providing a full range of services for solicitors.