Tips from September 21, 2009
The Small Business tips today will be about how to manage your finances by conserving capital.
- Know what sells best.
Figure out number of units sold, best sellers, average order, buying
trends and what your customers want.
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Determine prices by product, service, direct, and indirect costs, as
well as keeping the image of the business & some profit.
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Be hesitant with money. Don't commit capital unless absolutely necessary. Know you absolutely need something, then go ahead.
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Conserve in the workplace. You can lease space, computers, or other office equipment instead of buying to save money.
Daily Overview: Every penny is important when trying to conserve capital: be smart, sensible, and resourceful.
We post these small business tips to our employee's Twitter account each day, Monday through Friday. This is a reposting of those tips.
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