3:I[5613,[],""] 5:I[1778,[],""] 4:["slug","increase-prices","d"] 0:["F37xnJYJk2ZrfTSsAxtd4",[[["",{"children":["resources",{"children":["business-plans",{"children":[["slug","increase-prices","d"],{"children":["__PAGE__?{\"slug\":\"increase-prices\"}",{}]}]}]}]},"$undefined","$undefined",true],["",{"children":["resources",{"children":["business-plans",{"children":[["slug","increase-prices","d"],{"children":["__PAGE__",{},["$L1","$L2",null]]},["$","$L3",null,{"parallelRouterKey":"children","segmentPath":["children","resources","children","business-plans","children","$4","children"],"loading":"$undefined","loadingStyles":"$undefined","loadingScripts":"$undefined","hasLoading":false,"error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L5",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":"$undefined","notFoundStyles":"$undefined","styles":[["$","link","0",{"rel":"stylesheet","href":"/_next/static/css/2e6661b0417b461e.css","precedence":"next","crossOrigin":""}]]}]]},["$","$L3",null,{"parallelRouterKey":"children","segmentPath":["children","resources","children","business-plans","children"],"loading":"$undefined","loadingStyles":"$undefined","loadingScripts":"$undefined","hasLoading":false,"error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L5",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":"$undefined","notFoundStyles":"$undefined","styles":null}]]},["$","$L3",null,{"parallelRouterKey":"children","segmentPath":["children","resources","children"],"loading":"$undefined","loadingStyles":"$undefined","loadingScripts":"$undefined","hasLoading":false,"error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L5",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":"$undefined","notFoundStyles":"$undefined","styles":null}]]},[null,["$","html",null,{"lang":"en","children":[["$","head",null,{"children":[["$","meta",null,{"name":"robots","content":"index, follow, max-image-preview:large, max-snippet:-1, max-video-preview:-1"}],["$","link",null,{"rel":"icon","href":"/images/website-icon.svg"}]]}],["$","body",null,{"itemScope":true,"itemType":"https://schema.org/SoftwareApplication","className":"c455","children":[["$","meta",null,{"itemProp":"applicationCategory","content":"Business Planning Service"}],["$","$L3",null,{"parallelRouterKey":"children","segmentPath":["children"],"loading":"$undefined","loadingStyles":"$undefined","loadingScripts":"$undefined","hasLoading":false,"error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L5",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":"$L6","notFoundStyles":[],"styles":null}]]}]]}],null]],[[["$","link","0",{"rel":"stylesheet","href":"/_next/static/css/f5c18260de885e3c.css","precedence":"next","crossOrigin":""}]],"$L7"]]]] 6:E{"digest":"NEXT_REDIRECT;replace;/;307;"} 8:I[4699,["6081","static/chunks/6081-024259f4f6c69551.js?v1757931090795","3842","static/chunks/3842-fc747814cdab0121.js?v1757931090795","6142","static/chunks/6142-fe3b722656e566bf.js?v1757931090795","995","static/chunks/app/resources/business-plans/%5Bslug%5D/page-d07cc0355ed69241.js?v1757931090795"],""] 9:T632f,{"id":"cG9zdDoyODI2","title":"How to Increase Prices Without Losing Customers","content":"\n

Raising prices is a necessary step for many businesses facing increasing costs, whether due to inflation, supply chain issues, or higher operational expenses. However, business owners often worry about alienating customers with price increases. The key is to implement thoughtful strategies that maintain customer trust and loyalty while safeguarding your margins. In this article, we’ll explore how to increase prices without losing customers.

\n\n\n\n

Be Transparent and Direct when you Increase Prices

\n\n\n\n

When you need to increase prices, the most important strategy is transparency. Customers are more likely to accept a price increase if they understand the reasons behind it. Instead of using vague language, be upfront and direct with your customers. Explain that rising costs in production, materials, or other areas necessitate the adjustment. This builds trust and demonstrates that the decision was made thoughtfully, rather than arbitrarily.

\n\n\n\n

Gradual and Incremental Price Increases

\n\n\n\n

One effective method to increase prices without losing customers is to implement gradual, incremental increases over time. Rather than raising prices dramatically all at once, smaller, phased adjustments are less likely to cause sticker shock. This approach allows customers to adjust to new pricing gradually and minimizes any potential backlash. A well-timed increase, spaced over months, can also align with changes in market conditions, making the increase more understandable to customers.

\n\n\n\n

Add Value Alongside Price Increases

\n\n\n\n

When increasing prices, it’s crucial to offer additional value that justifies the change. Customers are more likely to accept higher prices if they feel they are getting something extra in return. This could be improved service, new product features, or even added convenience. Enhancing the customer experience is an excellent way to frame the increase as a positive development rather than a burden. For example, offering loyalty programs, extended customer support, or exclusive access to premium features can help retain customers.

\n\n\n\n

Target Price Increases Strategically

\n\n\n\n

Instead of applying price increases across the board, consider targeting specific products or services. This selective approach allows you to increase prices on high-demand or premium offerings while keeping prices stable on other items. By doing this, you can maintain affordability for price-sensitive customers while improving margins on more popular or in-demand products. This strategy ensures that you can increase prices without losing customers who may only be impacted by adjustments in certain areas.

\n\n\n\n

Avoid Hidden Fees and Surcharges

\n\n\n\n

Transparency isn’t just about being open with your customers—it’s also about avoiding hidden fees. Customers dislike unexpected charges, and these can erode trust. Instead of adding surcharges or fees at the last minute, incorporate all costs into your upfront pricing. This approach is more honest and straightforward, and it prevents customer frustration. For businesses operating in states where fees are tightly regulated, this is also a legal necessity.

\n\n\n\n

Focus on Customer Loyalty

\n\n\n\n

Loyal customers are more likely to accept price increases, especially if they feel valued. Consider offering special deals, early renewal options, or exclusive discounts to your most loyal customers. This not only rewards them for their continued business but also helps mitigate the impact of price changes. Communicating with your loyal customers in advance about upcoming increases, and offering them a window to renew at current rates, can encourage long-term commitment and reduce churn.

\n\n\n\n

Test Price Increases with New Customers

\n\n\n\n

If you’re concerned about how your existing customer base will react, consider testing price increases with new customers first. You can maintain current pricing for your long-term clients while gradually increasing prices for new clients. This approach allows you to gauge market reaction and adjust your strategy accordingly. It also allows you to increase prices without losing customers who have been loyal to your brand.

\n\n\n\n

Keep Competitor Pricing in Mind

\n\n\n\n

Before implementing a price increase, research your competitors. If you raise prices while your competitors maintain lower rates, it could cause customers to switch. However, if your competitors are also raising their prices due to similar market conditions, this can create a level playing field. Understanding how your pricing compares within the industry allows you to remain competitive while still ensuring you meet your revenue goals.

\n\n\n\n

Increasing prices is an inevitable part of running a business, especially in times of rising costs. By being transparent, offering additional value, and strategically targeting price changes, you can increase prices without losing customers. It’s all about maintaining trust and offering a clear rationale behind your decisions.

\n\n\n\n

Need help planning your pricing strategy? Modeliks offers comprehensive tools to help you manage your financial planning and business growth. Sign up for a free trial and let Modeliks support your business in making data-driven decisions for long-term success.

\n","slug":"increase-prices","date":"2024-09-10T12:50:30","categories":{"nodes":[{"id":"dGVybToxMQ==","name":"Business Plans"}]},"mainCategory":{"mainCategory":["business-plans"],"videoHeader":null},"tags":{"nodes":[{"name":"business planning"}]},"featuredImage":{"node":{"id":"cG9zdDoyODI3","sourceUrl":"/images/cms/Modeliks-1-1.jpg","altText":"Modeliks Guide on raising business prices strategically to maintain customer loyalty and business growth without compromising customer trust."}},"seo":{"metaDesc":"Learn key strategies to increase prices without losing customers. Enhance loyalty, add value, and maintain transparency in your approach."},"modified":"2024-09-10T12:50:30","related":[{"id":"cG9zdDoxMTU0MQ==","title":"How Accountants Can Offer High-Margin Advisory Services","content":"\n

Why Advisory Services Matter for Accounting Firms

\n\n\n\n

The accounting profession is shifting. Compliance and bookkeeping remain essential, but today’s clients expect more. They want guidance on how to run their business smarter, manage cash flow, and plan for the future.

\n\n\n\n

According to a CPA.com survey:

\n\n\n\n\n\n\n\n

This means the demand is already there. The opportunity for accounting firms is clear: move beyond bookkeeping into high-margin advisory services.

\n\n\n\n
\n\n\n\n

The Challenge: Scaling Advisory Without Burning Out

\n\n\n\n

For most small and mid-sized firms, the hesitation is simple:
❌ Limited staff time
❌ No standardized tools for forecasting & reporting
❌ Concern about overcomplicating workflows

\n\n\n\n

The good news? Advisory can be delivered at scale, without adding headcount or creating inefficiencies — if you have the right system.

\n\n\n\n
\n\n\n\n

The Solution: Modeliks for Advisory Services

\n\n\n\n

Modeliks helps accountants transform their existing relationships into advisory partnerships by automating the heavy lifting.

\n\n\n\n

Here’s how it works in practice:

\n\n\n\n

1️⃣ Connect QuickBooks in Minutes
Sync client actuals directly — no messy spreadsheets or manual imports.

\n\n\n\n

2️⃣ Build Budgets & Automated Financials
Instantly generate a forward-looking P&L, Balance Sheet, and Cash Flow statement, tailored to each client.

\n\n\n\n

3️⃣ Deliver Dashboards & Variance Analysis
Clients see Actual vs. Plan vs. Previous Periods. You provide insight into why numbers moved — without building reports from scratch each month.

\n\n\n\n
\n\n\n\n

The Impact for Accounting Firms

\n\n\n\n

Firms using Modeliks see:
New revenue streams by offering planning & reporting as premium packages
Higher client retention thanks to consistent value beyond compliance
No extra headcount required, since processes are automated
Improved positioning as trusted advisors, not just bookkeepers

\n\n\n\n

As one accountant put it:

\n\n\n\n
\n

“Our clients can now make confident decisions. For us it’s a game-changer — we finally sell insight, not just compliance.”

\n
\n\n\n\n
\n\n\n\n

Why Now Is the Time

\n\n\n\n

Client expectations are rising. Competitors are moving into advisory. Technology makes it easier than ever to scale.

\n\n\n\n

If you’re an accountant or firm owner, now is the time to position your practice for the next decade. Advisory services are not just an add-on — they’re the future of accounting.

\n\n\n\n
\n\n\n\n

Next Steps

\n\n\n\n

📽️ Watch the full video playbook here: https://www.youtube.com/watch?v=UlQEwnWOdKQ.
🌐 Explore how Modeliks can help you launch advisory services in under an hour -> HERE.

\n\n\n\n

📩 Or reach out to us directly to explore how Modeliks can be tailored for your firm.

\n\n\n\n

Enjoy Modeliks! We know we are!

\n\n\n\n

Author:
Modeliks Team

\n","slug":"high-margin-advisory-services-accountants","date":"2025-09-02T08:30:06","categories":{"nodes":[{"id":"dGVybToxMQ==","name":"Business Plans"},{"id":"dGVybToxNA==","name":"Financial Forecast"},{"id":"dGVybTozNQ==","name":"News"},{"id":"dGVybTozNA==","name":"Partners"},{"id":"dGVybToxMg==","name":"Pitch Decks"},{"id":"dGVybToxMw==","name":"Reports & Dashboards"}]},"mainCategory":{"mainCategory":["financial-forecast"],"videoHeader":"https://www.youtube.com/watch?v=UlQEwnWOdKQ"},"tags":{"nodes":[{"name":"accounting advisory services growth"},{"name":"budgeting and forecasting"},{"name":"business planning"},{"name":"consulting firm profitability strategies"},{"name":"Financial analysis"},{"name":"financial forecasting"},{"name":"financial modeling"},{"name":"financial planning"},{"name":"financial planning for professional services firms"},{"name":"financial reporting"}]},"featuredImage":{"node":{"id":"cG9zdDoxMTU0Mg==","sourceUrl":"/images/cms/Screenshot-2025-09-02-at-10.27.59.png","altText":"How to offer Advisory Services at High Margin?"}},"seo":{"metaDesc":"Learn how accounting firms can add high-margin advisory services without extra headcount. Discover how Modeliks helps accountants deliver financial planning, reporting, and dashboards that clients will pay more for."},"modified":"2025-09-02T08:30:10","related":null},{"id":"cG9zdDoxMTQ4Mw==","title":"How to Manage & Grow Your Professional Services Business: A Strategic Playbook","content":"\n

Running a professional services business is demanding. Whether you’re a founder, consultant, accountant, or finance leader, the challenges are similar:

\n\n\n\n\n\n\n\n

The truth? Many services firms outgrow spreadsheets faster than they realize. A project-based business requires a planning and reporting framework that adapts as you grow – not one that breaks every time a new client, project, or team member comes onboard.

\n\n\n\n

That’s where having a structured financial planning and reporting system becomes a game-changer.

\n\n\n\n
\n\n\n\n

Who is This Playbook For?

\n\n\n\n

This strategic framework is designed for:

\n\n\n\n\n\n\n\n

If you run a project-based business, use timesheets, or manage multiple clients, this playbook is for you.

\n\n\n\n
\n\n\n\n

How to Grow Profitability in Professional Services

\n\n\n\n

Professional services firms often face profitability challenges because margins are tied to capacity, efficiency, and client mix. Here’s where the right planning approach makes a difference:

\n\n\n\n

1. Plan by Project (Not Just Company-Level)

\n\n\n\n

Each project has its own revenue, costs, and resources. Without project-level visibility, it’s impossible to know which work is actually profitable.

\n\n\n\n

2. Track Actuals vs. Plan

\n\n\n\n

It’s not enough to create a yearly budget. Monthly actuals vs. plan reporting helps you quickly see where projects are off track and adjust before problems snowball.

\n\n\n\n

3. Build Scenarios

\n\n\n\n

What happens if a big client leaves? Or if you add two more consultants next quarter? Scenario planning gives you the confidence to make tough decisions with numbers to back them up.

\n\n\n\n

4. Monitor Utilization & Capacity

\n\n\n\n

Employee utilization is the heartbeat of a services firm. By linking financial forecasts to billable hours, staffing, and client demand, you can identify bottlenecks and prevent costly underutilization.

\n\n\n\n
\n\n\n\n

How Modeliks Helps

\n\n\n\n

At Modeliks, we’ve built a platform that turns these best practices into a structured, repeatable process.

\n\n\n\n

With Modeliks, you can:

\n\n\n\n\n\n\n\n
\n\n\n\n

Why This Matters Now

\n\n\n\n

Most firms wait until they have 100+ employees to rethink planning. But the truth is, dimensional planning and reporting matters at 20 employees, as much as at 200.

\n\n\n\n

The earlier you set up a scalable framework, the faster you can:

\n\n\n\n\n\n\n\n
\n\n\n\n

Key Takeaway

\n\n\n\n

Growing a professional services business isn’t just about winning more clients — it’s about building a system that lets you manage projects, measure performance, and grow profitably.

\n\n\n\n

That’s what this playbook is about — and why we built Modeliks.

\n\n\n\n

👉 If you want to see how Modeliks can help you manage and grow your services firm, watch the full video walkthrough here.

\n\n\n\n

📩 Or reach out to us directly to explore how Modeliks can be tailored for your firm.

\n\n\n\n

Enjoy Modeliks! We know we are!

\n\n\n\n

Author:
Modeliks Team

\n","slug":"financial-planning-for-professional-services","date":"2025-09-01T11:47:08","categories":{"nodes":[{"id":"dGVybToxMQ==","name":"Business Plans"},{"id":"dGVybToxNA==","name":"Financial Forecast"},{"id":"dGVybTozNQ==","name":"News"},{"id":"dGVybTozNA==","name":"Partners"},{"id":"dGVybToxMg==","name":"Pitch Decks"},{"id":"dGVybToxMw==","name":"Reports & Dashboards"}]},"mainCategory":{"mainCategory":["financial-forecast"],"videoHeader":"https://www.youtube.com/watch?v=E87pBDPZzPc"},"tags":{"nodes":[{"name":"accounting advisory services growth"},{"name":"budgeting and forecasting"},{"name":"business planning"},{"name":"consulting firm profitability strategies"},{"name":"Financial analysis"},{"name":"financial forecasting"},{"name":"financial modeling"},{"name":"financial planning"},{"name":"financial planning for professional services firms"},{"name":"financial reporting"}]},"featuredImage":{"node":{"id":"cG9zdDoxMTQ4NA==","sourceUrl":"/images/cms/Screenshot-2025-09-01-at-13.39.02.png","altText":"Financial planning for professional services"}},"seo":{"metaDesc":"Discover how to manage and grow your professional services firm with project-based financial planning, reporting, and forecasting strategies."},"modified":"2025-09-01T11:47:11","related":null},{"id":"cG9zdDoxMDQyMA==","title":"Modeliks 2.0 is Live!","content":"\n

Today we released a massive new update of Modeliks.  A multidimensional Modeliks 2.0. I am both happy and sad to see Modeliks grow up. I liked baby Modeliks. He was cute and a little clumsy. Now, we created a beast.  

\n\n\n\n

We listened to your feedback and made Modeliks by far the best financial planning and reporting tool for SMEs. Alright, I might be a bit subjective, but here is what’s new:

\n\n\n\n
    \n
  1. Multi dimensional planning and reporting. This means that you can plan and track performance by organizational unit, whether that is business units, departments, geography, stores, projects. However your company is structured, you can have clear targets and track performance across your whole organization.
  2. \n\n\n\n
  3. Consolidation: if you plan on a business unit level, Modeliks will consolidate your financial plans upwords.
  4. \n\n\n\n
  5. Allocations: allocate costs from the head office down to the operating units. Why? Some costs are incurred in the head office, or regional offices, but should be allocated down to the operating units, in order to get a correct picture of profitability across the organization.
  6. \n\n\n\n
  7. Quickbooks integration. Connect Modeliks to your Quickbooks and have your planning and monthly reporting automated, error free and done in minutes.
  8. \n\n\n\n
  9. Account grouping. Group several accounts into one group account. For example, you can create a Utilities group account and make your Energy, heating, phone, internet, water accounts part of the utilities group. Why? Because when you plan, you don’t want to plan on every single small account that you have in your accounting system. It is too tedious and messy. So, group them logically, plan on groups, and make planning and reporting easy and useful.
  10. \n\n\n\n
  11. Initiative planning and evaluation. You have a new initiative in mind for your business? Create a business case and see how it will impact your business. If the numbers say it’s good, keep it. If not, drop it.  
  12. \n\n\n\n
  13. Monthly forecasting. Now you can forecast up to 3 years on monthly basis.
  14. \n\n\n\n
  15. Lastly. Speed. Modeliks is now 10 times faster than before.   
  16. \n
\n\n\n\n

And there is a lot more to come in the next few months. Stay tuned for new features, and in the mean-time, plan, manage and grow your business with Modeliks 2.0.

\n\n\n\n

Let’s recap. Now you can:

\n\n\n\n
    \n
  1. Build driver based financial models for any business
  2. \n\n\n\n
  3. Do it by department, business unit, geography, stores, projects
  4. \n\n\n\n
  5. Run scenarios and evaluate new initiatives
  6. \n\n\n\n
  7. Track actual performance vs budget, on every level in your organization. Especially easy with the Quickbooks integration
  8. \n\n\n\n
  9. Automate monthly investor and management reporting
  10. \n\n\n\n
  11. And write professional and detailed business plans with the help of our AI assistant.
  12. \n
\n\n\n\n

Enjoy Modeliks 2.0! We know we are!

\n\n\n\n

Author:
Modeliks Team

\n","slug":"modeliks-2-0-a-live","date":"2025-04-01T08:59:31","categories":{"nodes":[{"id":"dGVybToxMQ==","name":"Business Plans"},{"id":"dGVybToxNA==","name":"Financial Forecast"},{"id":"dGVybTozNQ==","name":"News"},{"id":"dGVybTozNA==","name":"Partners"},{"id":"dGVybToxMg==","name":"Pitch Decks"},{"id":"dGVybToxMw==","name":"Reports & Dashboards"}]},"mainCategory":{"mainCategory":["financial-forecast"],"videoHeader":"https://www.youtube.com/watch?v=-61deO4BkFg"},"tags":{"nodes":[{"name":"budgeting and forecasting"},{"name":"business planning"},{"name":"Financial analysis"},{"name":"financial forecasting"},{"name":"financial modeling"},{"name":"financial planning"},{"name":"financial reporting"},{"name":"market analysis"},{"name":"modeliks"},{"name":"quickbooks"}]},"featuredImage":{"node":{"id":"cG9zdDoxMDQyMg==","sourceUrl":"/images/cms/Modeliks-2.0-Post-image.png","altText":"Modeliks 2.0."}},"seo":{"metaDesc":"A massive new update of Modeliks is here. A multidimensional, Quickbooks integrated, faster than ever Modeliks 2.0. GROW your business, NOW!"},"modified":"2025-04-01T09:20:31","related":null}]}2:["$","$L8",null,{"post":"$9"}] 7:[["$","meta","0",{"name":"viewport","content":"width=device-width, initial-scale=1"}],["$","meta","1",{"charSet":"utf-8"}],["$","title","2",{"children":"Modeliks | How to Increase Prices Without Losing Customers"}],["$","meta","3",{"name":"description","content":"Learn key strategies to increase prices without losing customers. Enhance loyalty, add value, and maintain transparency in your approach."}],["$","link","4",{"rel":"canonical","href":"https://www.modeliks.com/resources/business-plans/increase-prices"}],["$","meta","5",{"property":"og:title","content":"Modeliks | How to Increase Prices Without Losing Customers"}],["$","meta","6",{"property":"og:description","content":"Learn key strategies to increase prices without losing customers. Enhance loyalty, add value, and maintain transparency in your approach."}],["$","meta","7",{"property":"og:url","content":"https://www.modeliks.com/resources/business-plans/increase-prices"}],["$","meta","8",{"property":"og:site_name","content":"Modeliks"}],["$","meta","9",{"property":"og:locale","content":"en_US"}],["$","meta","10",{"property":"og:type","content":"article"}],["$","meta","11",{"name":"twitter:card","content":"summary"}],["$","meta","12",{"name":"twitter:title","content":"Modeliks | How to Increase Prices Without Losing Customers"}],["$","meta","13",{"name":"twitter:description","content":"Learn key strategies to increase prices without losing customers. Enhance loyalty, add value, and maintain transparency in your approach."}],["$","link","14",{"rel":"icon","href":"/favicon.ico","type":"image/x-icon","sizes":"16x16"}]] 1:null