February 19, 2011
Going Above Retail Price Ceilings: Not Understanding What the Market Will Bear Pricing is subjective – there is no question about it. It's based on perceived value. Add a little doodad or a designer logo and tada the price goes up and no one really cares because they see the value. However, for certain [...]
Read the full article →
February 13, 2011
Miscalculating Labor Costs or Charging Too Little or Nothing for Your Own Labor: If you have a small manufacturing business or cottage industry, a huge miscalculation I see all too often is miscalculating labor costs or forgetting to pay yourself what you would have to pay someone else and factor this into your [...]
Read the full article →
