Pricing your products and services is one of the most challenging aspects of your business, get it right and you make a profit, get it wrong…….. The 3 main components of pricing are: 1. COGS (Cost of Goods Sold)- materials, … Continue reading
At some point in your relationship with your customer/client you will need to create an invoice in your financial system. This invoice becomes the “record” of your transaction and should at a minimum include the product/service, sales price, shipping charges … Continue reading
In every business, regardless of its size, there are (a minimum of) seven critical functions that have to fit and work together to make a business successful, and I’ll repeat them here in case you may have missed them in … Continue reading
As I said in a previous post poor cash flow is the leading cause of business failures with “official” statistics indicating that over 50% of businesses will fail within their first 5 years. And even if you make it past … Continue reading