What should i sell my product for ?
For every new business one of its most critical decisions is setting the right prices for its products or services. The pricing strategy adopted can significantly influence the company’s ability to attract customers and achieve sustainable profitability. Firstly, a new business must understand its cost structure. This involves calculating both fixed and variable costs associated
Need for your Product or Service – How do You know
You may be all excited about your new venture, But is there really a demand for your product or service , how do you knwo? Estimating market demand is a fundamental step for entrepreneurs when launching a new product or service. It determines the potential success of a new venture and guides crucial decisions such
What would be my sales in New my Venture
Estimating sales in a new venture is a important part of business planning and forecasting that involves many steps . Understanding these can help new business owners set realistic expectations for their business growth. Market Analysis: The first step in forecasting sales is conducting a thorough market analysis. This involves identifying your target market, understanding
Risks, The Unknowns in a start up
Starting a new business is an exhilarating journey filled with excitement and potential, but it’s also comes with inherent with risks. Effective risk analysis is Important for any one Starting on this path. Risk analysis, identifying, assessing, and mitigating potential threats to the success of the venture. We take a comprehensive look at the
Cash Flow the blood line of the Business
For a new business, understanding and managing cash flow is paramount to survival and growth. A cash flow study offers a detailed examination of how money moves in and out of the company over a specific period, typically monthly or quarterly. This analysis is indispensable for several reasons. First and foremost, it provides a clear
