Breakeven Points

Breakeven Points

And why you need to know them I have seen so many times, trainers and instructors asking what others charge for their services.  This question is valid and it is good to know what the market is around you.  But you cannot set your prices based on what your competition charges.  You really need to know what it…

Using Cost Analysis for Valued-added Price Setting

Using Cost Analysis for Valued-added Price Setting

There is always a struggle determining the price you should charge for your services.  And there are endless ways to set your price structure. However, the first step in any pricing structure has to be a cost analysis.  Knowing what it cost you to provide a service is high priority for every business.    How much does it cost…

Budgets
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Budgets

If you are like most people you will do anything to avoid the budgeting process.  But budgets are essential to managing your business.  They will show you how things have changed from one month to the next. They help you stay focused on your goals.  They will let you know what areas of your business should be expanded…