Are you leaving money on the table? Ultimately, you want to charge as high a price as your most price-sensitive customers will pay. So if everyone can easily afford to buy your product, doesn’t it make sense that your prices are too low? If the last time you raised prices was during the Bush administration – especially the first one –… Read more »
Has this happened to you? One day you were shocked to discover your Paypal account frozen. You found money removed from your account without authorization. You received no warning; you discovered it accidentally. You assumed it was a glitch so you called the company expecting a quick resolution. Unable to talk with anyone to resolve the situation you were forced… Read more »
Has a client ever asked you for a discount without a reason? What a pickle. Do you: 1) give in and feel taken advantage of; or 2) refuse and risk losing the client? The other day I was at the service station D & S Auto where I took my car in for a $40 oil change. I asked Denny, the owner for a… Read more »
In an earlier post I said your prices are too low. But did you realize that you’re losing profit on every sale? It’s true. You can charge much more. Let me show you how to do it by reducing price flexibility.
There are fewer true indicators of poor leadership than high turnover. Many hires quit due to management indifference or arrogance. If you’re a new manager, do your best to stay approachable and remove your ego from your decisions. But sometimes your hires simply won’t work out. A new worker may clash with coworkers or show incompatibility in style or values. Some may just not fit in with the rest of your staff. Or… Read more »