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Sherrell T. Martin's Blog (3)

How To Set Your Prices To Still Generate a Profit

When you start your own business, you face many challenges when you first start out.  What are you going to sell? Who are you going to sell it to? Where and how are you going to sell it? And what are you going to charge?  These are all tough questions to answer when you are first starting out.  But the hardest one, I think, is what are you going to charge.

Setting your prices is no easy task.  The problem is you don't want to set your prices to low and undervalue…

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Added by Sherrell T. Martin on September 11, 2013 at 10:30am — No Comments

5 Financial Tips Every Business Owners Should Follow

As a business owner, it is key that you understand the financials in your business and what they say about your business.  But so many business owners really don't have a clue.  I'm sorry if that sounds mean but it's true.

There is more to running a business than making deposits and paying expenses.  You have to understand where your money is coming from and where it is going.  You have to know how to look at a report and see that financial troubles are on the horizon. You have to be…

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Added by Sherrell T. Martin on August 27, 2013 at 10:30pm — No Comments

Budgeting and Why People Hate It

I recently did some random surveys, where I ask people questions about budgeting.  Budgeting is a necessary evil but no one wants to do it and I couldn’t figure out why?  Because it’s a very simple process.  I even share some simple steps in my post titled How To Create a Budget in 3 Easy Steps.  So I said to myself, “when in doubt – ask.”  So I…

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Added by Sherrell T. Martin on June 20, 2013 at 1:29am — No Comments

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