Simple CFO Blogs

Profit First Learning and Financial Facts

Are You Charging Enough? How Underpricing Hurts Your Business

Are You Charging Enough? How Underpricing Hurts Your Business

Are You Charging Enough? How Underpricing Hurts Your BusinessDavid Richter
Published on: 21/05/2025

One reason many small service businesses struggle making enough money is underpricing. You might be trying to win customers, but if you don’t price your services correctly, you could be working all the time and barely making a profit.

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Are You Drowning in Debt? Here's How to Climb Out

Are You Drowning in Debt? Here's How to Climb Out

Are You Drowning in Debt? Here's How to Climb OutDavid Richter
Published on: 31/03/2025

You ever finish a big job, sit down to count your profits, and realize… there’s barely anything left? Many business owners accidentally underprice their work, which means they’re basically paying customers to let them work. Let’s fix that.

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Are You Accidentally Paying Your Customers to Work for Them?

Are You Accidentally Paying Your Customers to Work for Them?

Are You Accidentally Paying Your Customers to Work for Them?David Richter
Published on: 19/03/2025

You ever finish a big job, sit down to count your profits, and realize… there’s barely anything left? Many business owners accidentally underprice their work, which means they’re basically paying customers to let them work. Let’s fix that.

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Darrin Carr

David and the team at Simple CFO Solutions are a top notch organization that simply put - creates profitable results efficiently. They put in place new systems, train staff, transition companies to better systems, and help make companies accountable for finance. This team handles complex and unique situations with ease, and are extremely accessible and responsive. HIGHLY recommended.

Joey English

David Richter changed our business, and my life. David came in in a very low time, cleaned our books up, taught me how to start planning like a business owner and stop flying by the seat of my pants, and then taught us how to implement Profit First. And it was amazing. He helped me gain control of our numbers, and get in control of our business. And I grateful for what he did for us.

Alex Wentland

I've been using Simple CFO for 4 or 5 years now. We buy about 100 off-market properties a year and then do another 30 to 50 traditional listings. They helped me understand what I should be looking at from a financial perspective, and track the right numbers for me to be able to operate my business as a CEO. I get a really nice dashboard to know the health of my company that we review with my CFO every month. I couldn't imagine running the business without them honestly anymore.

Thomas Krazinski

David and the team at Simple CFO Solutions have made a big impact on our real estate investing business (flipping, wholesaling, and buy & holds). They put in new systems, trained our bookkeeper on them, transitioned us to QuickBooks, and for the first time made us accountable for our finances. The team handled our complex and unique situations with ease, and were extremely accessible and responsive. I would highly recommend them to any real estate investor looking to get a better handle on their financials.