Cost plus based pricing explained

Cost plus based pricing explained

      Many businesses use cost based pricing, or cost plus pricing but what is it?  How does it work, what are its advantages and disadvantages When it comes to pricing your goods or services, there are a few popular strategies that business owners...
Understanding gross profit

Understanding gross profit

Business owners, Understanding gross profit should be on your list of need to know . Gross profit is one of the most important financial measures, this video will Firstly, explain what it is Secondly, tell you how to calculate it Thirdly, contrast mark up and margin...
What are your business profits?

What are your business profits?

Last week I talked about turnover, this week it’s What are your business profits? Most people see profit as the difference between money in and money out. When people say money, they mean notes and coins, what’s in their bank account.  That sounds nice, and easy...