When we talk about prices, it is a very sensitive question for each entrepreneur. Higher prices mean more profit, but on the other side, it’s also dangerous to lose some of your current customers. So, how can you increase price rates without losing customers? Sometimes as an entrepreneur, you are forced to increase your price. […]
Everything related to the money of your small business or startup to help you manage your finances.
Business operations are critically dependent on the positive movement of cash. Unfortunately, you can’t always pay your bills from sales and profits. As a business owner, you need to become the master of your company’s cash flow. You also need to control costs and set up a good collection system for your accounts receivable. Additionally,
Pricing is a combination of science and art. We cannot focus on science without art or focus on art without science when we are pricing our products and services. So, there are many possibilities to make several pricing mistakes that will cost your company. Do you think that your price is one of the most
Cash is the king for all companies and entrepreneurs regardless of their market or industry. They must love it! They must have it! Without money, the existence of the company is in doubt. Without positive cash flow, you cannot grow your business. You cannot finance your daily business operations without positive cash flow in your
Pricing strategy is one of the most important business strategies. The wealth of your business in much will depend on that pricing strategy and customers perception about your prices. I am Apple’s iPhone user nearly one year, and now I am close to making a decision to buy an iPad. In the same time, my
Every entrepreneur starts a business for the most important purpose. To make a profit and to improve her personal life. Profitability is something that is the most wanted thing in the life of every entrepreneur. If you have $5,000.00 this year, you will want $7,000.00 next year. If you have $10,000.00 profit this year, you will