Pricing for Profit

How do you know how much to charge your customers for goods or services? In some cases, where manufacturers give recommended retail prices, or where your competitors are selling similar products, it’s easy enough to figure out what you can get away with. If you offer a specialised product or provide a unique service, however, [...]

The New Entrepreneur: Wrapping Up

After a good couple of weeks, it’s time to bring the New Entrepreneur series of posts to an end. It may not be as in-depth as a book or a blog dedicated to the subject, but I hope that it has provided information that you’ve found useful.
The posts, in chronological order, have been:

Before you Begin [...]

The New Entrepreneur: a Simple Approach to IT

In this day and age, no matter what kind of business you’re running, it’s very difficult to imagine doing so without a computer playing a role at least somewhere down the line. Nevertheless, you don’t need to blow the budget on expensive equipment or complicated software. Taking a pragmatic approach can be just as effective [...]

The New Entrpreneur: Managing your Manpower

At its most basic, the business of managing your employees is about getting the best out of them to ensure the smooth and successful running of your business. It is best to adopt the best practices and procedures of larger businesses early, even though it may initially seem redundant. As your business grows, it is [...]

The New Entrepreneur: Picking People

Change of tack today, as I’d like to tackle the subject of dealing with employees. Unless you are setting up your business as a sole trader, at some point you are going to take on staff, and you need to be able to manage them effectively if you want your buesiness to succeed. This post [...]