Drop Dead Date and Days of Cash on Hand
Cash is the lifeblood of a small business. Most likely, your small business doesn’t have some magical line of credit […]
Pricing Approaches
There are three main types of pricing. Cost Plus, Market Based and Value Based. They are all very related to […]
Pricing Ladders
Pricing ladders are a very simple but powerful visual tool to use when analyzing pricing. We used a ladder already […]
Variable and Fixed Costs
Variable costs are anything in your business which grows proportionally with revenue. Fixed costs are the rest which are not […]
Value-Based Pricing
Value-based pricing attempts to understand the value which your product creates for your customer in their environment. If we understand […]
Cost-Plus Pricing
Cost-Plus Pricing is probably the most prevalent method of determining price for small businesses. Cost-plus pricing means adding up what […]
Market-Based Pricing
Deciding how much to charge for something is usually one of the most difficult things to do well. There are […]
Financial vs Managerial Accounting
There are two primary types of Accounting for businesses. The first, most common and most foundational is Financial Accounting. Financial […]
Pareto Chart – Visualize Your Priorities
OK, so you’re running along in your business and you figure out you need to find a way to cut […]
Decision Matrix for Idea Prioritization and Selection (C&E Matrix)
Choosing a final approach to a problem individually and especially with a large group of people can be incredibly difficult. […]