Financial
As the owner, we are our business, therefore we must make sure we are repping the business 24/7. This does not mean you have to be doing any one thing without rest, but a combination of small things.
Sometimes in the world of small business a loan is a better option than a grant. The previous article, “Show Me The Money”, talked about the difference between loans and grants and gave an overview of different types of loans. If cash quickly is what you need, then you need a loan indeed!
Photo by: Alexander Grey
Use AI to help you get the grants you need. Just like employees can use AI to build a stronger application to pass through the employer's AI filters, we can use AI for grants too. Apply to multiple grants at once and strengthening your chances.
Pricey Pricing
Are you over pricing for you products wondering if your sales are as strong as they could be? Are you under pricing you products giving away your money in time? Of course you will need to do your own research, but here are some formulas that will help you look out for your profit margins.
DON'T PLAY WITH PAYROLL
It can be hard to figure out how much to pay yourself and employees in the beginning. Even if it is just you, you deserve to get paid but how do you determine how much?
HOW TO LEVERAGE FREEBIES
It is no secret that giving away promotional items at discounted prices, gives customers a teaser of your business potential driving up sales. When does it become detrimental to the business?