This is a very important question with a fairly strait forward answer. What you are talking about here is your profit margin. Any viable business should have a 35-50% profit margin. Here is how to use that information to keep your sales on track and your business “in the green”
Over the last two weeks we have been talking about one of the big killers in your business. I call this the “silent saboteur”, because no one regularly talks about this and most small business owners like you are left to guess what they should be charging and hoping they are getting it right.
5 Ways You Can Turn A Mistake Into Money!
No matter how hard you try to prevent it, we all make mistakes. When it happens to you or a member of your staff you will have two choices. One is to…read more
As a small business owner myself, I have very strong opinions on this. Given this economy we would strongly encourage you NOT to go after external funding. You would be saddling your company with debt and that could have the potential for bringing you down. We prefer the multi-revenue stream model. Here is how to do it…read more
When you are in the beginning stages of creating a plan for expansion, growth, and possible diversification of your products or services, it is easy to loose focus of who and what you are as a company. There are sometimes an infinite amount of mind-numbing possibilities and it can leave one confused as to which way to turn and in desperate need of an aspirin...read more