Does Lowering Price Increase Sales? 2 Ways Math Says Yes and No
The answer to this question depends. In fact, lowering prices can either increase sales, decrease sales, or have no impact. But with a range of …
Entrepreneurship
When Selling Less Earns You More: Profit Maximization
Sell more to earn more, right? I mean, why sell 100 units when you can sell 200 units? Does selling more units and do increases …
Financial Freedom While Having a Job: A Paradox
I’m going to tell it as I see it, true financial freedom and having a job do not go together. I describe true financial freedom …
The Unfortunate Truth About ROI and Payback-Period
It’s not unusual for business owners to evaluate projects based on two well-known tools: the payback period (PP) and the return on investment (ROI). Both …
How to Use Fiverr to Boost Productivity (Business Owners)
This post contains affiliate links. You may read my affiliate disclosure on my Terms & Conditions page, #6 Links. Affiliate or not, Fiverr is a …
A Basic Guide to the 3 Valuation Methods
This post tries to simplify the 3 valuation methods but still covers intermediate/advanced topics. If you find them confusing, I recommend starting with the Fundamentals …
Monthly Savings Will NOT Lead to Financial Freedom
The bad news is, you can’t achieve financial freedom just by your monthly savings. Or at least “financial freedom” in its truest and best sense …
3 Easy Steps to Know if a Business Idea is Worth Pursuing: Breakeven Point
The breakeven point is possibly one of the most underutilized tools in business assessment and evaluation. As entrepreneurs, we obviously have the common sense to …
Best Free Software for Small Businesses
In today’s fast-paced digital world, we’d be hard-pressed to find a business that isn’t connected. The growing need for technology bears a cost. Not always …