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Billable Hours - Strong Business Credit Options
BILLABLE HOURS While the term "billable hours" is most commonly associated with law professions, this concept should be used by all business owners. It's important to set the minimal hourly rate you want to earn as a bottom line.
A Business Dashboard is as Essential as a Car Dashboard
Your business dashboard tells you whether you are cruising for profits or headed for a seize up. Whar does your small business dashboard tell you?
What to Do in a Down Economy or The Magnificent Seven
It’s easy to survive when business is good. There is never going to be a magic solution to save everyone when times are tough. The measure of a business is whether they flourish in bad economic times not in good. Maybe that’s why the average lifespan of a business is only seven and a half years. “If your business is not eight years old, the odds are it will never be.” I will share with you several strategies the will not only help you survive, but thrive in this down economy.

Do You Know Your Breakeven Point?
An episode of the popular ABC TV show “SharkTank” presented the opportunity to focus on a critical area of a business – its breakeven point. Business owners seeking venture capital on the Shark Tank program could not effectively present their breakeven point. This is all too often the case for business owners. Some startups and business owners have never heard of their breakeven point, or do not have a clear understanding of how to come up with the figure it represents.

Other breakeven point Related Articles

Breakeven Analysis
Breakeven analysis is a tool used to determine when a business will be able to cover all its expenses and begin to make a profit. For the startup business, it is extremely important to know your startup costs, which provide you with the information you need to generate enough sales revenue to pay the ongoing expenses related to running your business.
Have a business plan and network
Have a business plan – It will act as your blueprint to how you want to grow. It will always change, you have to zig and zag with the changes of the business. It is not set in stone. Give an outline of your marketing plan and your service. What is the opportunity in your business and what are you trying to accomplish? What are the customer pains that you are solving? How much do you need to get started? What is your breakeven point? Set yourself milestones that you can reach for. These are all questions and issues that you should address in your business plan.
Lesson #5: You Have to Fight to Keep on Flying
When the idea for Southwest Airlines first came about, it had some ardent opponents. It was going to be able to sidestep federal regulations and offer greater value to customers. It was going to push point-to-point flights between smaller airports and speed up turnaround times. And, it was going to have a lot of fun doing it.

Affiliate Marketing Business - How to Reach Your Goals
What are your goals when it comes to having a top affiliate marketing business? Are you finding it difficult to get from point A to point B? This article will help you take it one step at a time.

Lesson #4: A Great Businessman is Only as Great as His Vision
What is the difference between an average point guard and a great point guard? According to Johnson, it all lies in the vision. Great point guards see the court differently than everyone else. They envision where they need to go and how they are going to get there before they even touch the ball. Johnson, unarguably one of basketball’s greatest point guards ever, used that very same vision in crossing over to the business world.

Garber on Business: Shipping across the country -- or overseas
Moving items from point-A to point-B used to be a simple matter. Now you practically need a degree in logistics, and -- as they say on TV disclaimers -- "results may vary."

Do You Know Your Breakeven
It is critical that all business know their breakeven point and it is even more critical today.
Defending Profit Margins
Each percentage point of gross profit margin you lose requires a 4% volume growth just to keep profit steady. A five point increase in your profit margin is the equivilent to a 20% increase in sales. A five point increase in your profit margin can equal a 50% boost to your bottom line profit. How do you communicate the value you provide to the customer so that you are not seen as a commodity and therefore maintain the profit margin you need to grow your business.
Lesson #2: “Don’t think about the money you don’t have”
When Wozniak first started designing computers, he did not have much to go on. He knew he could put sketches down on paper, and they seemed plausible enough, but he did not know how to get from point A to point B, building a real computer.

Paying Oneself As An Entrepreneur
Many business owners are under the impression that they can take money out of their businesses as soon as their doors open. This is not good financial management. There is a point that rewards can be realized, you just have to know where that point is.
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