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Highlands Ranch, CO 80129
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Deciding how to price your products and services is one of the toughest choices you'll face as a business owner or manager. Prices affect long-term viability, short-term profits, market share, customer loyalty, and myriad other tangible and intangible aspects of your business. Unfortunately, the guidebook or financial guru who can provide infallible answers doesn't exist. However, certain...
If a significant portion of your company's balance sheet consists of inventory, you may find that "shrinkage" — the variance between physical inventory counts and amounts recorded in your company books — is the culprit behind declining profits. A little digging, especially if you're in a retail business, may uncover an unsettling reason for numbers...
One of the most (if not the most) important indicators of business health is its cash flow. Even if your business is profitable and growing, if you don't have a consistent stream of cash coming in, you'll run into financial trouble. Lack of cash flow is the primary reason that more than one quarter of new businesses fail—29 percent to be exact. Here are some smart strategies...