Hot answers tagged business
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One thing you should think of is that it is not always about only profit margin or item prices. It is about how much money you are able to make (present value of future cash flows, if I may). And sometimes the start of your business would be the time where you gain your customers, in order to profit more and more later.
Shopping is not only about lower ...
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Steve gives the correct legal answer, but setting that aside, I'd ask you what is your obligation to the guy paying your salary? Obligation has many different aspects, moral, professional even societal expectation. In the West we have duty to render performance. However I have observed other countries where employee loyalty is so scarce it's past the ...
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You are halfway there in your thinking. It is not that the first idea was right or wrong but that they are both somewhat correct.
The margin per sale is important but only when taken into account with the volume of sales per month. A $5 profit for 200 sales is worth more than $150 profit for one sale but only for so long as there are no additional costs to ...
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Strategy
Very generally, there are two main generic marketing categories of marketing-pricing strategies for gaining a competitive advantage: low cost or differentiation.
Low cost strategies need high volume & low costs model to succeed. The advantage of this kind of strategy is that it's fairly predictable. All else equal, if you lower your costs, ...
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In most cases the limiing factor is domain name availability - I have often come up with great business names to discover no non junk TLD are left or I need to add extra words into the domain.
This is not necessarily a show stopper as you can be called ABC Ltd and have a website called DEF.com if you want but it is something that would hugely influence my ...
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Only a limited liability company allows you to separate yourself from personal liability, along with the attendant regulatory filing overheads. However, you have to ask yourself what is your degree of personal liability if undertaking a micro-business. Tax benefits are only worthwhile if individual tax rates are higher than corporate (which unless you have ...
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We're in Australia too, and you don't have to register a business name to trade as it, but you do need at least some business behind it. You can then 'trade as' anything you want, you don't actually need to notify the govt.
e.g., you can have a registered business named 'My Company', but you can trade as 'SomeotherCo' if you want without any issue. This ...
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