1) Ask yourself if you are making as much as you want to make. I know this appears simple however admitting to ourselves that we are not happy with your profits is where we need to start. For some reason, we humans don’t like to be totally honest with ourselves. Maybe we feel like it [...]
Read the rest of this entry »1. Business Plan
In your business plan you are going to determine everything from who is going to be involved in running the business, how to find suppliers/salespeople, financing, marketing, locations, product resources. It is basically a blueprint about what systems you are going to put in place and what differentiates your business from others. A [...]
Common Price Setting Methods
The price you charge for goods and services you provide must be sufficient to cover all expenses and allow for the desired profit to be made. A number of price setting methods are available. The particular method used by business will depend, in part, on the type of business being operated.
Mark-up on [...]
