How To Build a Better Business: Post 4

The Last and Final step in How to Build a Better Business is Price, Cost, Affordability. We know that you want to make a living at what you are doing, cause you do what you are doing well and it may even help a lot of people, but the one thing that you need to know that if people can't afford your business, then you won't get any business. Now sure I don't want you to give away the farm to where you are not making a profit, but there are ways where you can satisfy everyone in any tax bracket and still make the money that you want doing so. First you can make plans or deals that will fit everyone in whatever catagory they are in. Low, Moderate or Wealthy income. Just like you see in those Brake commercials that offer the affordable, preferred or premium packages, it fits everyone no matter what tax bracket you are in. Just like some insurance plans that offer policies based on your income, you can modify plans that will help clients according to their income as well. Now again i know it may be that fact that many of you may already have your target tax bracket in mind, but for all of you that are looking to service everyone, these are just a few tips that will help you do so. You can research how modifying your prices and plans will affect your profit margin by consulting with an accountant that will help you run the numbers, but the one thing you want to keep in mind is that it all has to workout for not only the customer but with you as well in the end. So remember, Cost is something that will effect your business tremendously, but if cost is too high there's a chance that there will be no bisiness.