| Ask a Free Question |
| Please click "Contact Us" above to ask a personal business question. Your questions will help us expand the FAQ section. |
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| Should I Raise My Prices? |
| Sales have been good for awhile and you are thinking about raising prices in order to increase cash flow. There are several sides to this question. For more: see
"Monkeying around with prices." |
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| How do you set pricing? |
| The rough guideline for retail is double what you paid wholesale for the items. For wholesale, you must know exactly what it costs to make and the appropriate part of your overhead. Then add what you need for expansion, improvements, and some profit. Services should be based on what your skill level is worth per hour. Try reading the "Monkeying Around With Prices" article in the
Marketing section. |
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| Is real estate still a good investment? |
| It depends on the area and type of property. You can't go by what happened in the last five years. You must do the research on today's trends and economic projections. Try reading the "What Screwed Up the Real Estate Market?" article in the
Real Estate section. |
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| My competition is killing me? |
| There are no simple answers. Basically, you need to know what your competition is doing and adjust your marketing accordingly. You may need to do better at where they are successful or find another area where you can excel. Part of that is monitoring your employees performance and keeping them properly trained in pleasing your customers. Read the "Competition is Good for the Marketplace" article in the
Marketing section. |
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| The Key to Success? |
| Many look at becoming an entrepreneur as being the key to living "the life." Nothing could be further from the truth. There is no harder work on the planet than running your own business. If you need a project done, you might need to do a couple of 'all-nighters.' To learn more, read the,
"Starting a Business" section. |
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| Do you know where your money is going? |
| Do you know where your money is going as you go through yet another month when there seems to be enough to cover expenses. This, despite the fact that you earn a decent salary even by today's terms. The first step to getting this under control is to write down your daily expenses. For more: see,
"Do you control your money or does it control you?". |
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| I have a web site. Now what? |
| You got someone to design a website for your business idea. You are wondering if you are ready to get it published. You thought this might be a way to bring in some extra cash as things are tight right now. See,
"Running a business requires a budget." |
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| More Shortly |
| The Frequently Asked Question section will be expanded as we answer business folks questions. Click a "Contact Us" button for personal business issues, once you have an account number. |
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