Business Insights Business Basics Articles

Business Basics

Insurance: Not Just “Set It and Forget It"

Offer your vendor the distinction of being a "preferred vendor." Let them know they can count on you for repeat business and a specific annual volume.

Business Basics

Figuring Out The Pricing Puzzle

"Everything has a price, as the saying goes, but a lot of people struggle with figuring out what the right price is," responds Brodksy.

Business Basics

Getting to Break Even

Getting to break even is the first step toward profitability. The calculations aren't difficult: If you can accurately forecast costs and sales, a breakeven analysis is a matter of simple math. You've broken even when your total sales or revenues equal your total expenses.

Business Basics

Strategic Cost Management

Cost-cutting and cost-containment tactics and techniques are common to any business. And, when tied to the budget, they're a necessity. Although it's often confused with those first two terms, "cost management" is another issue entirely.

Business Basics

Vendor Discounts: You Don't Ask, You Don't Get

The number one principle involved in getting a discount is this: Ask for it. If you don't ask, you will never get a discount. There is nothing lost in asking. However, before you ask, think through the terms and what you're asking for.

Business Basics

Using Credit Cards the Right Way

If you operate a business, there are a million different things you need to manage and take care of on a daily basis. Unfortunately for many, managing your business credit rating, and in turn, your business credit cards, often gets pushed to the back of that list. But to succeed as a company, it is imperative to make sure your business is as reputable to creditors as it is to customers and vendors.