Tag: cost structure

Do You Know the Real Cost of Doing Business?

There are some basic attributes of small business owners and entrepreneurs that I really admire and they make me enjoy being around them. These include traits such as: Enthusiasm, Personal sacrifice, and Optimism. In their best form, these traits can help propel a small business to great success. However, if they aren’t tempered with realism, […]

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Don’t Compete on Price!

One of the biggest mistakes new business owners often make is not charging enough for their services. Sometimes it’s because they don’t understand their cost structure, and sometimes it’s because they are so desperate for the business that they’re afraid to charge more. Regardless of the reason, charging too little is not a good idea. It will not bring you more business and it may actually drive business away.

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