Pricing: How Low Can … and Should … You Go?
True or false: Under pricing your product or service can hurt your bottom line and damage your brand. Answer: It depends.
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Paul Warkow
Money Saving Strategies
Although a business owner spends a lot of time determining how to earn money, the bottom line is equally affected by limiting how much money is spent.
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10 Ways To Lose Customers
All it takes is one slip up and you have lost a customer. Here are 10 ways a business can make a mistake and lose a hard won relationship. If you recognize yourself, it is important to change right away.
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Ways to Promote Transparency
Transparency matters for a company’s culture, because it builds trust and stronger relationships between employees, management and the company itself.
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Office Personnel Conflicts: Ignore Them at Your Peril
Overlooking conflict among office personnel is like disregarding a strange noise from your vehicle engine – ignore it at your peril.
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Keep Your Sanity: Try These Accounting Tips
Just when more customers and higher sales start translating into an increase in your income, a tsunami of financial paperwork engulfs you. It’s not fair!
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Four States of Knowledge
New companies often use fairly basic bookkeeping that entails shortcuts. However, to move to that next level, it’s essential to develop and maintain sound daily accounting practices; reliable accounting means profitable outcomes.
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Factors Lenders Use in Underwriting Loans
The most important factor that lenders use in evaluating loans is the bank statements. The stronger the bank statements, the better the chance is in getting an approval. However, there are other factors that go into the lending decision.
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Is it Time You Changed Your Bad Financial Habits?
It’s time for some entrepreneurs to admit that they keep too much information in their heads; time to end the excuses about not being good with numbers; and time to acknowledge that while you do have good financial records, you never look at them, because you think they exist only to simplify tax reporting. If this is you, well, it’s time to change your practices.
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Good Bank Statements-The Key to Funding
Since short term loans do not require any capital or security, lenders have very specific criteria in evaluating a loan application. The lenders look at 4 important items in performing a financial analysis of the business bank statements.
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