The method you use to charge for your products or services is critical to how much income you can generate and the extent of profit margin that’s created. What we are seeing: fixed fees that don’t cover the service delivery costs adopting competitor pricing that doesn’t reflect the real price hourly rates don’t work when you don’t record the time spent on the client/customer fixed-price long-term contracts becoming unviable with
28
Jul 2017
Buying a Business – What is Profit
There are many versions and definitions of profit. A Business Broker will provide potential buyers with financial records, who need to be aware of the subtle differences in terminology used to describe profit, so that they can understand the impact and implications of these differences. If this is going to be the first time you are running a business, then you should consider getting professional assistance from an executive coach