Posts Tagged "Profitability"


    During my 20+ years of experience I have concluded that most business ventures fail not because it was a bad idea, but because it was a poorly implemented idea; or there were entrepreneurial mistakes that ended up driving the business into a downward spiral. If you are a startup business, what will set you apart from the rest is having a plan then having the discipline to act on it. Mistakes are part of the growing process....

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Pricing strategy many times does not receive the importance it deserves. Not properly pricing your product most likely lead you to bankrupting your business. When developing their marketing plan, entrepreneurs skim over the pricing strategy: I wonder how is it that the decision is made about how and to whom they will market their product. Your pricing strategy could vary when selling a product or service. For example, your pricing...

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  How to Improve Your Business Cash Flow Even If You Don’t Have a Masters in Finance   Cash flow is the life blood of your business, it is a critical aspect to maintaining a successful business. It is important to avoid confusing cash flow with profitability. While both are necessary, they will each affect your business differently. What I mean is that the ability to operate profitably is important but not having enough cash...

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