Market research is also invaluable in pricing your product or service. Ron Flounders, of Hertfordshire Business Link, which offers free advice to start-up businesses, says that all too often people work out their pricing ‘back-to-front’. They ask themselves how much they need to earn, what their costs are, and then price the product accordingly — regardless of what the market will pay. In fact, what you need to do is market research to establish what price the market will pay, then work out your costs and from that see whether it is worth going into business at all.’ ..more
Calls, Keeping the Conversation as short as possible, Learn Reducing the Telephone Bill (1-9)
Posted by: arlene on Thursday, 10th Jul, 2008
Long telephone conversations are obviously expensive. Calls should be planned and precise but, in addition to keeping the conversation as short as possible, consider other ways of reducing the telephone bill.
1. Check for overcharges on your telephone bill
By keeping a close eye on all the detail and by checking against your own records it may surprise you how often you may be able to identify an overcharge. Perhaps you don’t even look at the telephone bill but please don’t leave it to the telephone company. Treat it like any other supplier’s invoice and subject the account to scrutiny. Get out the last three years’ telephone bills and compare the quarterly charges item by item, line by line. ..more
Making Money at the Bank
Posted by: arlene on Thursday, 24th Apr, 2008
Bank CDs (Certificates of Deposit) are a smart investment for teenagers. Unlike most other investments, gains are guaranteed, and the interest rate is higher than a regular savings account. And because your money is locked up for the prescribed time period, you can’t spend it on a new wardrobe in a fit of insanity. If you have money sitting in a savings account or piggy bank, stick it in a CD and start earning some real interest.
But there’s just one problem. What if you don’t have the $500 or $1,000 minimum to open a CD? Three solutions:
1. Sweating. Save your allowance, store up the birthday checks, work a few extra hours—and above all, spend less. ..more
