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Profitability

Break-even, Business Idea Screening, Business Plan, Cash Flow, Idea Screening, market research, Profitability, Start A Business, Startup

How To Start A Successful Business During A Global Pandemic

by Paul Morin / July 6, 2020July 12, 2020

If you’re wondering how to start a successful business during the global pandemic, there’s good news and bad news. The good news is that there…

Break-even, Profit Margins, Profitability

Profitability – Keep Your Eye On The Ball

by Paul Morin / September 9, 2011August 8, 2020

Profitability – Keep Your Eye On The Ball Let’s get back to the basics.  When you start a business, why do you do it?  Is…

Price, Pricing, Product Development, Product Launch, Profitability

Pricing – How Much Should I Charge?

by Paul Morin / July 29, 2011June 4, 2017

Pricing – How Much Should I Charge? One of the common questions I hear is, “How Much Should I Charge”?  I get this question from…

Cost Structure, Financial Statements, Income Statement, Profit Margins, Profitability

Startup Basics – Understanding Profitability – The Income Statement

by Paul Morin / April 2, 2011July 29, 2020

If you are starting a business, presumably you are doing so to make a Profit. Therefore, it is a cardinal sin to start a business…

Break-even, Contribution Margin, Fixed Costs, Profitability, Startup

Startup Basics – How To Do A Simple Break-even Analysis

by Paul Morin / April 1, 2011June 4, 2017

It’s amazing how many startup entrepreneurs do not take the relatively simple, but very important step of doing a basic break-even analysis on their business.…

Profitability

Some Businesses Are Just Ridiculously Profitable

by Paul Morin / August 4, 2010June 30, 2020

I guess this is basically the inverse of the point about most businesses never making any money.  There are businesses that make money hand over…

Profitability

Everyone in Your Entrepreneurial Company Should Care About Profitability

by Paul Morin / July 28, 2010June 30, 2020

Similar to the point on resourcefulness, it is important that you teach yourself and everyone in your organization, that it is all about profitability.  If…

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