When a shopper goes looking for a new appliance, perhaps a coffee maker, they may ask themselves questions like: “Is this worth the price?” and “What type of lifetime value will I get out of the purchase?”
These are great questions to ask about any purchase, stocks included. And inquiries into a stock’s price and value are cornerstones…
Small business owners are accustomed to making all the decisions about their companies, as well as overseeing all aspects of business development and daily operations. However, they sometimes may not see the “forest for the trees” — meaning those issues that only outsiders can objectively…
Every business needs to have a written business plan. Whether it’s to provide direction or attract investors, a business plan is vital for the success for your organization. But, how do you write a business plan?
SBA.gov recommends that a business plan include…
Once you are clear on the why, you are able to focus on the how.
Being a leader is stressful. There is a lot weighing on your shoulders, and this year particularly has been a rough one for so many of us. We have been faced with some new challenges, and even the most calm and collected among us are bound to experience some anxiety…
Projects go wrong for many reasons. One of the big ones is when you don’t arrive at an accurate projection and find that by the end of the project, you’re very late and way over budget. That’s not a good feeling for any manager.
Bottom-up estimating allows you to break a project into its parts, examine each part to come up with a detailed estimate, and then…
Remember Goldilocks and her three bowls of porridge? Through careful testing, she discovered the best bowl of porridge was not too hot, not too cold, but just right.
When setting prices, business owners need to put themselves in a Goldilocks frame of mind. Set prices too high, and you risk...
You can’t open a business without answering this fundamental question: How much do I charge? Even with an answer in hand, you may find sales are slow, an indicator you may be charging more than customers will pay. Or your sales are great, but you’re charging too little for a healthy profit.