What’s the main difference between revenue and profits, how important it is to know the difference between the two?
What’s the main difference between revenue and profits, how important it is to know the difference between the two?
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What’s the main difference between revenue and profits, how important it is to know the difference between the two?
What’s the main difference between revenue and profits, how important it is to know the difference between the two?
Read lessWhat’s the best way a business can avoid competition, it is always a good idea for a business to be in a niche that works for you and also to dumb down competition so that you’ll be able to make ...Read more
What’s the best way a business can avoid competition, it is always a good idea for a business to be in a niche that works for you and also to dumb down competition so that you’ll be able to make more money and get more customers
Read lessMostly successful businessman will tell you that, tough competition is key of success in business. It is something to which we should take in positive, it keeps us active, interactive and keeping us to acquire more knowledge. If somebody don't want competition then he should start some business in sRead more
Mostly successful businessman will tell you that, tough competition is key of success in business. It is something to which we should take in positive, it keeps us active, interactive and keeping us to acquire more knowledge. If somebody don’t want competition then he should start some business in specific area where there would be no other shop like his shop. Then he’ll have monopoly of his business as people will have to purchase items with him. This scenario won’t last long. Because of no competition there will be less activity and the behavior of the sellers will becomes somewhat rude with intention like we are the only here with this business. In my view competition remain good for real success in business.
See lessevaluating the feasibility and potential viability of a business idea is very important. what are the key parameters and criteria that you should consider for feasibility study?
evaluating the feasibility and potential viability of a business idea is very important. what are the key parameters and criteria that you should consider for feasibility study?
Read lessEvaluate prospective profitability, competition, and market demand to evaluate whether a business is feasible. Examine financial forecasts, taking into account anticipated spending, revenue sources, and startup costs. Assess the scalability and sustainability of the company model. To learn about theRead more
Evaluate prospective profitability, competition, and market demand to evaluate whether a business is feasible. Examine financial forecasts, taking into account anticipated spending, revenue sources, and startup costs. Assess the scalability and sustainability of the company model.
To learn about the requirements and tastes of your customers, conduct market research. Think on any obstacles and legal needs. Finally, compare the team’s abilities and resources to the needs of the business plan.
See lesshow can individuals identify untapped niche markets? How to use these untapped niches to build a successful business, and what strategic advantages does untapped niche offer?
how can individuals identify untapped niche markets? How to use these untapped niches to build a successful business, and what strategic advantages does untapped niche offer?
Read lessThis is where researching, investigating and observing the niches or markets comes in. You need to do your due diligence on the markets to find out areas that are yet to be tapped to take advantage of and filled it for your own financial well-being. it would not even be a bad idea to ask people andRead more
This is where researching, investigating and observing the niches or markets comes in. You need to do your due diligence on the markets to find out areas that are yet to be tapped to take advantage of and filled it for your own financial well-being.
it would not even be a bad idea to ask people and even professionals that are willing to open up so that you can exploit such opportunities and hit a goldmine through such.
See lessPeople said iron condemned is a good business to venture in, if possible do i need to gather money before starting the business? Your idea is needed.
People said iron condemned is a good business to venture in, if possible do i need to gather money before starting the business?
Your idea is needed.
Read lessVenturing into the iron condemned business can be a good opportunity based on the positive feedback received from people. While it is an encouraging prospect, it is important to assess the financial requirements before the business. Gathering money beforehand can be beneficial to cover expenses suchRead more
Venturing into the iron condemned business can be a good opportunity based on the positive feedback received from people. While it is an encouraging prospect, it is important to assess the financial requirements before the business. Gathering money beforehand can be beneficial to cover expenses such as purchasing condemned iron, equipment, and setting up operational infrastructure. Your ideas on potential strategies, target market, and differentiation can help make the business successful and attractive to potential customers.
See lessHow to Start and Maintain a Profitable Poultry Farming Business. I’m considering beginning a chicken business in Nigeria, but I’m also wondering about the best strategy to use at first. Anyone with some good ideas?
How to Start and Maintain a Profitable Poultry Farming Business. I’m considering beginning a chicken business in Nigeria, but I’m also wondering about the best strategy to use at first. Anyone with some good ideas?
Read lessthe following are things one need to consider before u start pultry farmFeed and Nutrition: Develop a balanced feeding program that meets the nutritional needs of your poultry at different growth stages. High-quality feed is crucial for optimal growth and productivity. Health and Disease Management:Read more
the following are things one need to consider before u start pultry farmFeed and Nutrition:
Develop a balanced feeding program that meets the nutritional needs of your poultry at different growth stages. High-quality feed is crucial for optimal growth and productivity.
Health and Disease Management:
Implement a preventive health care program that includes vaccination, deworming, and regular health checks by a veterinarian.
Be prepared to address any disease outbreaks promptly to minimize losses.
Record Keeping:
Maintain accurate records of expenses, sales, production, and other important data. Proper record-keeping helps you track profitability and make informed decisions.
Marketing and Sales:
Develop a marketing strategy to promote your poultry products. This could include selling to local markets, restaurants, wholesalers, or directly to consumers.
Highlight the quality, freshness, and health benefits of your products to attract customers.
As a business operates, it is possible for the business owner to face some problems along the way in which he or she must resolve and tackle if he or she wants his or her business to keep moving forward. ...Read more
As a business operates, it is possible for the business owner to face some problems along the way in which he or she must resolve and tackle if he or she wants his or her business to keep moving forward. But some business owners may be ignorant and possibly ignore little problems in their business which of course could escalate into bigger problems. But how exactly can bigger problems or long-term problems be avoided in business.?
Read lessI recently read an article about starting a business with only one hundred dollars, and it inspired me to ask this question. Since it was said in the post that you could use this money to establish your own business, ...Read more
I recently read an article about starting a business with only one hundred dollars, and it inspired me to ask this question. Since it was said in the post that you could use this money to establish your own business, I was wondering if you would be able to offer some further details on how a business may be started with only one hundred dollars.
I really appreciate it.
Read lessTo me $100 is a big money coming to online stuff. I can remember the day I earn upto $6 with a trading capital of $17. If you familiar on how to trade some digital asset, buy an sell them on a good rate you can earn more than $40 a month from $100 trading capital. But you need to be careful and haveRead more
To me $100 is a big money coming to online stuff.
I can remember the day I earn upto $6 with a trading capital of $17.
If you familiar on how to trade some digital asset, buy an sell them on a good rate you can earn more than $40 a month from $100 trading capital.
But you need to be careful and have a good mentor which can guide you through.
Online stuff always involved risk but by following rules and regulations of a good mentor you become successful in it.
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I’m just starting out as an entrepreneur, and in my spare time I want to start a cake business. I’ve been doing this for a while, but I finally decided to make it public and start a business. I was hoping ...Read more
I’m just starting out as an entrepreneur, and in my spare time I want to start a cake business. I’ve been doing this for a while, but I finally decided to make it public and start a business.
I was hoping you could give me some advice on how to get started in the cake business. Here are some of the questions I have. Take, for instance: What is the price tag attached to it? How can I get started? What exactly am I supposed to be doing? Do you have any suggestions or advice for someone who is just getting started, like I am?
I really appreciate it!
Read lessStarting a cake business can be exciting and rewarding. Remember, starting a business requires dedication and hard work. Be patient, persistent, and open to feedback and improvements. Over time, your cake business can grow and become a sweet success. Before starting a cake business, begin by researcRead more
Starting a cake business can be exciting and rewarding. Remember, starting a business requires dedication and hard work. Be patient, persistent, and open to feedback and improvements. Over time, your cake business can grow and become a sweet success.
Before starting a cake business, begin by researching the local market and identifying your target audience. Determine what types of cakes are in demand and what sets your cakes apart. Create a business plan outlining your goals, budget, pricing strategy, and marketing approach.
Secondly, establish relationships with reliable suppliers for quality ingredients and cake-making essentials. Ensure you have a steady and cost-effective source for your baking needs.
Thirdly, provide excellent customer service to build a loyal customer base. Respond promptly to inquiries, be accommodating to special requests, and ensure timely deliveries.
Then lastly, expand your skills by continuing learning and experimenting with new cake designs, techniques, and trends. Attend workshops or online courses to improve your skills and stay updated with the latest industry developments.
Following these few tips, you’ll surely turn your cake business to a lucrative one.
See lessI know that there are many ideas one can choose to run a business effectively, which of theย business idea is effective? Let’s discuss.
I know that there are many ideas one can choose to run a business effectively, which of theย business idea is effective? Let’s discuss.
Read lessEffective business ideas are those that solve a problem or fulfill a need in the market. They should be innovative and unique, offering a product or service that sets them apart from competitors. Additionally, a successful business idea should be scalable, allowing for potential growth and expansionRead more
Effective business ideas are those that solve a problem or fulfill a need in the market. They should be innovative and unique, offering a product or service that sets them apart from competitors. Additionally, a successful business idea should be scalable, allowing for potential growth and expansion. Finally, it is crucial for a business idea to be financially viable, with a clear plan for generating revenue and achieving profitability.
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Revenue is the total income generated from a business and investment, where as profit is the net income generated form a business and investment. Profit is total revenue minus total expenses. For instance, if your made $100 by selling your product, and if you had invested $20 to create the product,Read more
Revenue is the total income generated from a business and investment, where as profit is the net income generated form a business and investment. Profit is total revenue minus total expenses. For instance, if your made $100 by selling your product, and if you had invested $20 to create the product, $10 to ship the product, and $20 to market the product, your expenses will be $50, so when you deduct expenses from your sales, you get net profit
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