Posts tagged business

The particulars of pricing your product. Part 3

Determining the price ceiling

Once you’ve determined a realistic price floor, consider the price ceiling, which typically is more difficult to project due to market influence — the economy, competitors and consumer behavior. The Total Business Manual lists two ways to gauge the price ceiling: Continue reading The particulars of pricing your product. Part 3

The particulars of pricing your product. Part 1

Typically, accounting-shy fitness center managers are too willing to pass the buck when it comes to financial matters. It is not that managers are unconcerned about such issues, rather, unfamiliar territory can be intimidating. Continue reading The particulars of pricing your product. Part 1

Secrets of AR Collections Post 1

“What exactly is Financial Control and more importantly do you have it? In a study of over 200 resellers a direct correlation was established between “high profit” companies and strong financial control. An inverse relationship also existed: those companies with weak financial control tended to be the least profitable. Another survey showed that roughly 91% of all business failures were due to factors within management’s control. Simply put, financial control is critical to a business  success.

Continue reading Secrets of AR Collections Post 1