Helping small businesses on the Sunshine Coast to fulfill their true potential
By BMN
Developing a financial model is one of the critical projects for any entrepreneur. Often created in a spreadsheet, it’ll allow you to work out how your business will scale, what’s your break even point, and when you’re likely to require investment.
The following article gives an overview on how to develop a financial model for your business: http://www.brw.com.au/p/entrepreneurs/how_to_create_financial_model_for_udGjXisaOWgS7cW7MfBFaP
This article was suggested by our mentor Julie Piper
By BMN
Ever wondered how to price your services? Your products? Have you set your prices at a point where you can get the best possible returns? Pricing seems simple, but there’s a bit of an art to getting it right.
The following article was written about pricing SEO services, but the principles can be applied to any product or service. Read more to discover different ways to price, a few strategies to use, and why you might want to avoid charging everyone the same price: http://www.seobook.com/pricing
This article was suggested by our mentor John Spence-Thomas
By BMN
Nothing can cause confusion and doubt in a business like pricing your products and services. While you don’t want to charge less than you are worth, you also don’t want to price yourself out of the market, so how do you know if your price is right? Read more here: http://www.startupsmart.com.au/sales-and-marketing/marketing/is-the-price-right-five-factors-to-consider-when-pricing-products-or-services/2015030514282.html
This article was suggested by our mentor Bob Joubert