Smart Pricing Strategies For Entrepreneurs

Smart Pricing Strategies For Entrepreneurs

Effective pricing can be a difficult thing to ascertain. While you want to offer a great rate to your clients, you also want to make sure you are covering your costs. And then you have competitors to think about. Here are some smart pricing strategies for...
Why is Your Profit Margin Important?

Why is Your Profit Margin Important?

As a business owner, there are a lot of figures that you need to keep your eye on. Several of these statistics serve as critical indicators of the overall health and long term stability of your company’s finances. One of the most important of these statistics is...
Find Your Profit Leaks

Find Your Profit Leaks

As a small business owner, you are probably well aware that your business must operate at a profit if it is to survive for any length of time. Former UK MP and businessman Paul Marsden once famously said that, “business is all about solving people’s...
What’s Your Break-Even Point?

What’s Your Break-Even Point?

Regardless of how much revenue your business brings in, it matters little if you aren’t turning a profit, as most businesses can’t operate at a loss for very long and remain open. It’s impossible to know whether or not you are making a profit, or...