Working out the best price to charge for your products or services can be one of the biggest challenges you face as a business owner, particularly when you’re starting out. Price too low, and you’ll be out of business before you know it; price too high and you’re out of the market. Hit the pricing sweet spot, and you’ll maximise your profits.
The late, great Steve Jobs said this: “My favorite things in life don’t cost any money. It’s really clear that the most precious resource we all have is time.” Everyone from Benjamin Franklin to Shakespeare to the Rolling Stones has…
Doing what you love is a pretty good reason to spring out of bed in the morning. The admin that comes with it? Not so much.
Still, like it or not, running a company involves a certain level of paperwork that just has to be done. There’s a fair amount to complete at kick-off, and there’s a lot of ongoing compliance to navigate, too.
When you think about seasonal fluctuations in business, it’s probably the obvious ones like Christmas for retailers, or Valentine’s Day for florists, but in fact they happen across just about every sector. And they vary, depending what business you’re in.