Simple Tool Helps Business Owners Test Effects Of Pricing Changes

Online, May 8, 2011 (Newswire.com) - Townsville, Qld, - One of the biggest problems faced by small businesses is the inability to compare the differences that price changes make to their profits. Many businesses are in a discount loop, and have never calculated the cost of using this pricing method to get business.

Seeing the need for a simple tool that gives true insights on pricing changes Townsville Business Coach James Hooper has developed a simple Excel spreadsheet which does just that. This tool is available for free - but could make a huge difference in educating businesses on the true impact of pricing strategies.

"This is a simple spreadsheet that can give great insights to what happens to your break even point when you alter your price. And will bring you back to reality when you are considering the idea of "making up for reduced margin with greater volume"." said Mr Hooper.

Townsville Business Coaching at Seminar.com.au has created a simple video which explains how small and medium businesses can use the spreadsheet.

Mr Hooper added "One of the reasons that this is for small and medium businesses and larger more successful businesses - is because the larger businesses already know about the impact of their pricing. Smaller businesses often do not - and this doom them to staying small unless they become aware of the extra profit power available.

For a free download of the tool, visit http://seminar.com.au