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Between supply costs going up 20-30% and labor costs increasing, our margins are getting squeezed hard. We're a Spas & Med Spas business doing about $800K/year and I'm trying to figure out how to maintain profitability without losing customers. What's working for you all?
We renegotiated all our supplier contracts last quarter. Got 8-12% better rates just by getting competitive quotes and showing them to our current vendors.
15Automation has been huge for us. We invested about $15K in new systems and it's saving us roughly $3K/month in labor costs.
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