Are Small Businesses Price Gouging??

In this video Jay Robarge of Broader Performance will give his perspective on pricing concerns and challenges running a small business in today's economy.

[@tedsaylor6016]

For a small business, when costs you have no control of - like skilled labor (wages), space (rent), and utilities (electric, water, sewer) go up the products price must go up too. And commercial rent and utilities are much more expensive (per unit) than their residential equivalents. Now if the politicians could just lower those small business costs.... Oh, and I don't blame workers for rising wages either. Some housing costs have clearly doubled from pre-pandemic prices - workers don't have to work for free either.

[@BroaderPerformance]

All good points.

[@mhardy216]

Man it's sure good to hear from the good guys on business topics. Wife and I are on year 4 of owning a small auto shop.. the customers really beat ya down on price about every little thing. Keep up the content, even us chevy guys are watching

[@BroaderPerformance]

They always think we have a huge profit margin. Maybe I should open the books on a few products. Im glad to be reaching Chevy guys as well as all makes and models. Thanks for watching.

[@markowens64-uh7bc]

You also must love your family, your employees and their families! I have a small business and I only do a small amount of work on purpose. The customers know me personally. I also have to have a full time job to take care of my family!

[@BroaderPerformance]

A lot of responsibility on business owners for sure. I understand the regular job part for benefits etc....

[@timhammond8209]

Well said my brother! I'm a chevy guy but have found myself watching your videos because as you are... I'm a business owner. And I'm honest. That's why I love your videos!

[@BroaderPerformance]

We appreciate the support. We like Chevy guys too.

[@97outlaw01]

Well said Jay. I always try to by US made, When I can. With that said, it is impossible to do that with certain things. I will NOT put a Speedmaster part in or on my car or transmission.

[@BroaderPerformance]

I appreciate your comments. Your also right sometimes there is just not a US made option these days unfortunately. We just do the best we can.

[@droppedf100]

Most times when I’ve tried to save a few bucks be it a used part or a knock off I am disappointed. Buy once cry once.

[@BroaderPerformance]

Good saying.

[@markowens64-uh7bc]

I am saying buy American when you can!

[@BroaderPerformance]

I try to whenever possible.

[@RickBaconsAdventures]

as a fellow small business owner, yeah our electric bill rate has gone up a TON along with everything else. We were designing different versions of products to be able to make them with whatever parts we could get, but we are at least still busy even if it is more work to make less profit in the end. I think there is a big difference in small businesses where the designer is the owner so there is an emotion factor to being proud of your design and trying to manufacture it for a fair price so other enthusiasts can afford it. Some of the bigger companies can lose that link if the people doing the different jobs don't share the same dream.

[@BroaderPerformance]

Good points. Many business owners take a lot of pride in their craft. I think some consumers just see business owners as only caring about money.

[@markowens64-uh7bc]

No they are not! They don't get the bulk discount on materials that the big businesses get! That's why Walmart puts Mom and Pop businesses out of business!

[@BroaderPerformance]

Good point. Sad but true.

[@andrewvassallo3444]

Small business is essential

[@BroaderPerformance]

Everything starts off small.

[@franksdg125]

I care if i see made🎉 In china i keep looking. Theres a good ol saying if you pay more you get more. I have never needed one of you products jay but you are not high priced if chinese crap is $15 less . Keep up the great work everything's gonna pan out

[@BroaderPerformance]

Thank you for your comments.

[@pdh098]

If you have employees then you know that salaries and insurance is the biggest expense for any company.

[@BroaderPerformance]

Thats for sure

[@icesawman4275]

aftermarket copied parts at a cheaper price with poor quality is a huge problem. wasting labor time and $$. keeping parts inventory is a burden when people buy from online suppliers with knockoff parts. the metallurgy is very poor. looks like what you need but will not do the job.

[@Pwnulolumad]

Chinesium

[@BroaderPerformance]

I agree

[@55benchguy]

AMEN My Brother ! I too have a small business and have been running on that red line for the past 4 years. Not sure whats coming next. I really hope these nay sayers took the meaning of this video. Keep up the good fight !

[@BroaderPerformance]

I own a business so most people just assume Im a liar. Haha I hope things get better for you. Its been a crazy time for us for sure.

[@dondotterer24]

Yep the people that want to complain want to get paid more. Where do they think the money is going to come from?

[@BroaderPerformance]

Thats a very import question people always need to research.

[@beecj0]

.

[@pdh098]

That s why the government has to regulate big corporations because all they care about is the profits for their stockholders. Competition is the only thing that will lower prices.

[@BroaderPerformance]

I dont think giving the government control over how much a business can charge is a good thing. Competition keeps price in order.

[@pdh098]

Technology is slowly changing the world, just like cars and planes did in the early 1900s and electric cars will be way in 50 years or so.

[@russellridge8623]

Electric is crap. Hydrogen is going to wipe them out in future. Toyota and others are well ahead on this technology. Cleaner. Cheaper than all the battery sheite being pushed. Those are all kickback schemes to politicians buddies.

[@BroaderPerformance]

If the battery technology reaches a new level it will be a game changer for electric cars.

[@pdh098]

She was not talking about small businesses just big corporations, if you researched more you would here she wants to help small businesses and small business are the backbone of this country. He wants more tariffs which will raise prices because the importers have to pay it.

[@BroaderPerformance]

I see your point but I think I have more knowledge of these issues than I may be conveying. I would suggest you look further into these issues yourself. Take your own advice.

[@pdh098]

@@BroaderPerformance I am a very critical thinking person, so I have to research everything and find proof before I believe anything. Probably spend too much time doing it but i am a mechanic and do a lot of diagnostics so i got understand Everything I read or would go crazy thinking about it.

[@pdh098]

That s why the government has to regulate big corporations because all they care about is the profits for their stockholders. Competition is the only thing that will lower prices.

[@BroaderPerformance]

I think big corporations are the ones regulating the government these days. I agree competition is healthy for all parties.

[@pdh098]

@@BroaderPerformance you’re right about some regulations, some politicians only care about being elected.

[@pdh098]

She was not talking a small businesses just big corporations, if you researched more you would here she wants to help small businesses and small business are the backbone of this country. He wants more tariffs which will raise prices because the importers have to pay it.

[@BroaderPerformance]

I dont agree that our economic problems are caused by price gouging.