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This free online business workshop will help you determine the financial needs for your small business.
You finally achieved your dream of starting a small business based on your passion. Part of that dream is making enough money for you and your family to be financially secure. One of the most important ways to ensure your business earns a strong profit is accurately pricing your products and
Determining the price for your product or service can be a bit tricky and maximizing your profits can sometimes seem like an unsolvable magic trick. However, understanding key concepts for pricing can help your small business tremendously. In the SCORE Small Business Success Podcast “
Financial Projections Template Download this financial projections Excel template to calculate your startup expenses, payroll costs, sales forecast, cash flow, income statement, balance sheet, breakeven analysis, financial ratios, cost of goods sold, amortization and depreciation for your small business.
Rethinking Pricing Despite the increased complexity and ever-changing nature of today’s pricing environment, there are still some basic rules and simple tips you can follow to build your market share, make money in the process, and establish long term success.  Here are some considerations to review to
Pricing products and services is one of the trickiest tasks tied to running a business. It’s a balancing act that requires choosing a price that works for both you and your customers. So what makes a price right? Many factors contribute to the pricing process but ultimately, a
The goal of every business is to make money, and as a business owner, the prices you choose for your products and services should ultimately maximize your profitability. When you price your goods properly, you’ll make the profit you want and your products and services will succeed in the
Ask almost anyone about marketing and you’ll undoubtedly hear about the four Ps: product, price, promotion and place (distribution). Over time the four classic Ps have been tweaked here and there, with some additions (there are marketing experts who have now increased the list to 7 or 8 Ps
Setting a price for your product or service is certainly an endeavor not to be taken lightly. I’ve walked through the process with many business clients and have the following recommendations for how to do it the right way. Competition You must KNOW the competition in your trading
When it comes to setting up pricing, there is more to know than what competitors offer. When in business or starting a new business, one of the challenges business owners face is to set product or service pricing as it can change frequently based on current market conditions, overall operation

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