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Home / Archives for Profit

Profit

Income vs. Profit vs. Revenue

Sep 23, 2014 By 1800Accountant

Motivated entrepreneurs dream of dollar signs—bright, S-shaped figures that shimmer and represent the true reward of starting a venture and reaping the financial benefits of the hard work that goes into it.

Filed Under: Tax and Accounting Tagged With: 1800 Accountant, Accounting, Profit, Revenue

A Tale of Two Pricing Strategies

Jul 29, 2014 By Dale Furtwengler

Imagine two companies. One touts the results the customer can expect and charges premium prices, the other touts its low prices. Which one wins?

Filed Under: Pricing Strategy Tagged With: Branding, Dale Furtwengler, Pricing Strategy, Profit

Small Biz Check Up

Apr 15, 2014 By Dawn Fotopulos

It’s the first week of April. How are your financials doing? It’s time for a small biz check up. By now, all your financials on the first quarter of 2014 should be available to you.

Filed Under: Budgeting and Personal Finance Tagged With: Budgeting, Dawn Fotopulos, Financial Management, Profit, Revenue

The Real Cost of Loss Leaders: Can You Afford Them?

Mar 6, 2014 By Ruth King

From time to time some companies lose money on projects through labor overages, material overages or mispricing a project. They have to work harder and more efficiently to make up for those losses. But how much harder and how much more efficiently?

Filed Under: Pricing Strategy Tagged With: Expenses, Overhead, Pricing Strategy, Profit, Revenue, Ruth King

If You Love What You Do the Money Will Come?

Feb 17, 2014 By Lisa Patrick

You have heard this advice at least once: Do what you love and the money will follow or do what you love and it won’t feel like work. It seems easy but it’s not.

Filed Under: Creating a Plan Tagged With: Developing an Idea, Getting Started, Lisa Patrick, Passion, Profit

What if You Did Bottom-Up Budgeting in 2014?

Dec 31, 2013 By Ruth King

What if you first decided what profit you wanted in 2014 and then determined the revenues that you needed to generate those profits? What if you started at the bottom of your 2014 profit and loss statement and worked up?

Filed Under: Budgeting and Personal Finance Tagged With: Budgeting, Planning, Profit, Revenue, Ruth King, Seasonal Business

The Lost Art of Loss Leaders

Nov 12, 2013 By Dale Furtwengler

During high school I worked in a grocery store that used loss leaders to attract buyers. Once buyers were in the store they would typically buy enough related offerings, at higher margins, to more than offset the loss on the loss leader.

Filed Under: Pricing Strategy Tagged With: Customer Experience, Dale Furtwengler, Marketing, Pricing Strategy, Profit

Don’t Be Afraid of Net Profit per Hour

Oct 24, 2013 By Ruth King

To have profitability you need to know where you are starting with profitability. That means calculating your net profit per hour.

Filed Under: Budgeting and Personal Finance Tagged With: Expenses, Financial Management, Overhead, Profit, Ruth King, Tracking Data

How Do I Create High Margins?

Aug 6, 2013 By Scott Miller

One of the most difficult elements of marketing for most people is the art and science of pricing. There’s a lot of science to it—but it’s also an art. How do you price your goods and your services? Where do you start?

Filed Under: Pricing Strategy Tagged With: Differentiation, Margin, Pricing, Pricing Strategy, Profit, Relevant Benefits, Scott Miller

Pricing Strategy: Factors to Consider

Jul 10, 2013 By Matt Tarkenton

How to price your product or service is a critical decision that your small business must make and will directly determine your ability to succeed in an uncertain economic environment.

Filed Under: Creating a Plan Tagged With: Customer Segmentation, Differentiation, Market Segmentation, Price Adjustment, Pricing, Pricing Strategy, Profit, Profits

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From the Editor’s Desk…

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Leading With Gratitude, by Adrian Gostick and Chester Elton
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When work meetings become joyless time suckers, here’s advice for conversations designed to move things forward with clarity and context.

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Run & Grow

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