Financials

Pricing is determined by how many people want your product and how much you have to sell. The more demand for your product, the more power you have in the market place. If you are in an industry that is flooded with the same type of product or service you provide, then you have limited bargaining power. The most common market structure that predominate the real world is called monopolistic

One of the surefire ways to fail in business is to ignore the numbers. Having metrics which you monitor on a regular basis can point you to where your business is failing before it actually happens. Let's take a look at some metrics that can make a difference to your business: Productivity rate: Keep track of the following to correctly estimate your productivity rate. If your productivity rate falls below 80%,

  Loneliness is not the absence of other people but an absence of yourself.   If you ever watched the movie pretty woman, there is a part where a guy says, " Welcome to Hollywood, what's your dream, everybody has a dream, some come true, some do not but keep on dreaming". This is a true statement as we all have dreams, hopes, aspirations, passions and thoughts.  Some blossom and some

So your part-time hobby has turned into a business or a few favors for friends have turned into a fully-fledged income, but when it comes to paying taxes, you don't know where to start. You know that you have to pay your taxes, but all of the legal jargon has you confused. Well while there are a multitude of choices as to how to establish your business, the easiest ones

Have you ever tried to put together a puzzle without the picture the pieces represent? This could be a very frustrating process. You stumble your way through the process hoping to arrive at the right picture at the end. Even though it is possible to build a puzzle without the picture, the frustrations could be so great that most people give up before the picture is completed. Let’s take