You sometimes get it right the first try, but more often than not, you only get it right on your third, fourth or fifth attempt. This poses a challenge to a lot of businesses since they just don’t have the resources to go through all these different iterations,...
Sales margins and sales volume are two sisters who work work hand-in-hand to determine the profitability and therefore the survival of your business. Sales volume is the dollar value of the sales which your business makes during a given period while a sales margin is...
You have your business idea, you are excited to get started, now, the tricky question: how much to charge per hour for your services? Let’s explore some pricing models for service businesses. A service-oriented business is one in which you are primarily selling...
It’s all nice and swell for your business to have great sales, but if it cannot collect on its outstanding invoices, it’s all for nothing. The size of a business’ accounts receivable (the amount of money owed to it by creditors) and the ability to collect on those...
