If you can answered yes to any of these questions, then you should review the pricing strategies for your small business.
Sometimes, having a pricing objective for your business is not enough because there are a lot of factors that you must consider before setting prices in your business. Such factors include the cost and demand of the product and/or service, the customer demographics,the external environment, nature of the products and/or services, product or shelf life, as well the method of promotion and distribution. Now, let use examine and...
Chains of habit are too light to be felt until they are too heavy to be broken.” –Warren Buffett
Breaking bad habits requires self-control—and lots of it. Research indicates that it’s worth the effort, as self-control has huge implications for success.
This is a big one that most people don’t even realize harms their sleep and productivity. Short-wavelength blue light plays an important role in your mood, energy level and sleep quality. In the morning, sunlight contains high concentrations of this blue light. When your eyes are exposed to it directly, the blue light halts production of the sleep-inducing hormone melatonin and makes you feel more alert.
It takes you 15 consecutive minutes of focus before you can fully engage in a task. Once you do, you fall into a euphoric state of increased productivity called flow. Research shows that people in a...
Increase the number of new customers.
By attracting new customers into your business, you will be able to grow your sales revenue. Ways to attract new customers into your business include.
Increase the sales frequency of your existing customers (the number of times people buy from you)
By assessing your sales by customers and products/services you can identify favourable and unfavourable trends which will help you identify how you can sell more to your existing customers