Most small businesses are built on the same business model and hence have the same profit drivers. When thinking about small business strategy, small businesses all have certain key similarities.
- Customers
- Goods/Services
- Cost of Goods/Services

Before thinking about strategy to attract more customers customers we need to understand the two main drivers which leads to a [...]

Are you interested in starting a business in your small community? Small towns can be the perfect place to start your own business. The locals are usually friendly and supportive when it comes to home-grown businesses. Furthermore, there is a good chance you know many of your potential customers which gives you a head start.
However, [...]

We expect a fair degree of corruption, arrogance and drooling self-interest from our elected officials. After all, in the last 206 years, we have fallen a great distance from the days of the “virtuous republic” that existed-or was thought to exist-in that first decade after the Revolution. Yes, we expect it, but I would have [...]

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 [...]

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 [...]