Learn more about the Driving Financial Success Program:
https://drivingtransactions.com/programs-courses/driving-financial-success/
In this episode of the Ground Transportation Podcast, James and Ken discuss the importance of understanding and accurately structuring pricing in the ground transportation industry. They explore the critical nature of knowing one's cost structure. This way, operators can avoid pricing too low and risking unprofitability. Listen to this episode to learn how you can properly manage your finances and establish a pricing strategy that leads to profitable growth. In this conversation, you’ll hear:
• Common pitfalls, like not knowing costs and relying too heavily on competitor pricing
• How to analyze your costs to inform your pricing strategy
• How to view pricing through the lens of profitability
• Why it’s important to keep your accounting and financial statements organized
• Practical advice for operators on how to push prices up without losing customers
• The relevance of dynamic pricing strategies for transportation business owners
Register for the CD/NLA Vegas show March 1-3 here: https://cdnlavegas.com/
Pax Training is your all in one solution designed to elevate your team's skills, boost passenger satisfaction, and keep your business ahead of the curve. Learn more at www.paxtraining.com/gtp
Connect with Kenneth Lucci, Principle Analyst at Driving Transactions:
https://www.drivingtransactions.com/
Connect with James Blain, President at PAX Training:
https://paxtraining.com/
