Today for business best 3 steps business and marketing
The 3 steps business ever today
Here’s an interesting notion:
Do you 3 steps business realize that there are mistakes you can make at various
stages of your business growth that can be slowly killing it for months or even years if you don’t watch for them
Many working businesses, including those you might think are successful because they’ve been around for 10+ years, are often
still making them, and are possibly losing a lot of money and or wasting a lot of time in the process.
Although some of these 3 steps business big and sneaky mistakes seem aimed more at service type companies, they really do fit the bill for almost any type of industry.
I’ve done my best with the listings below to give examples to prove it 3 step business.
This is a big one and it pertains to service companies as well as companies that sell a product. This is a service company’s bread and butter.
If you don’t estimate your time to perform each and every service in your repertoire, you will get burned and there is little you can do about it but bite the bullet and learn from it.
The best way to estimate time is to do it once yourself or watch your best employee do the task and then throw in a little fudge factor on top of it.
For product companies, time becomes an issue with logistics so be aware
It’s a common mistake to use a competitor’s as your pricing gauge without actually knowing why they use those numbers.
Think about the nightmare you will get yourself into if you take a competitor’s price, cut it by 10% and then start selling.
What if the competition has a bad pricing structure and is barely making money or even losing money.
What if your costs are more than theirs.You can use competitor as a starting point but you can’t base your whole strategy on it.
theses 3 steps business over weres
What you pay for a product you are going to sell is not the only cost to have in your head when you are pricing products.
How much your labor and materials cost for a service is only a piece of an hourly rate all 3 steps business.
Employees cost more than just salary and not every employee is part of your labor cost.
What you include as standard services or standard product features as well as job site etiquette or in store service or warranties all need to go into your pricing.
I’ll get to more 3 steps business on why in the next segment
This seems like a stupid statement to some but I bet most business owners will admit that they have given away a little too much of the farm at time and 3 steps business.