Get Multiple Profit Sources

Yazan: Kay Peck | 23 November 2009 | 1 Comment
Categories: Administration, Operations

It’s an old saying, but couldn’t be more true today – Don’t Put All Your Eggs in One Basket
While the quote suggests putting your eggs into multiple baskets, another idea is to have more than just eggs in your basket. In other words, diversify your business.
To generate the most profit in your [...]

What Do You Charge Your Customers?

Yazan: Kay Peck | 22 October 2009 | Comments Off
Categories: Administration, Customers

The prices you charge for your products greatly affects your company’s growth, and ultimately profit.
Pricing impacts your image – it will lure some customers to your business and drive others away. Pricing is inter-dependent on several factors:

Your Market – not only geographically, but product type
Your Competition – upscale specialty stores have a different strategy than [...]