Getting Partners to Accept a New Pricing Philosophy

Post with two signs, "same" and "change"They have to be on board before clients.

By August J. Aquila

Once you have decided to adopt an alternative pricing philosophy, what do you do next? Changing your firm’s pricing philosophy is really a three-step process.

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First, you need to consider several factors before suggesting a change. Second, you need to get your partners to agree that it is a good idea, and third, you need to educate your clients so that they accept and understand the new approach. The steps are not easy, but they are possible. And, remember, change does not occur overnight.