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October 5, 2020
Businesses exist to provide a solution in the form of a service, product or both to an existing or newly identified need. In essence, businesses ideally identify opportunities in gaps within various value chains and seek to address those gaps usually at a cost to themselves, and price their solutions to intended beneficiaries of the […]
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September 30, 2020
Recently, a small business owner asked an interesting question on a Facebook page for people looking to learn everything about savings and business, especially the micro and small businesses. The question touched on the business conflict on pricing – higher margins that would translate to slow stock turnover, or lower margins that would translate to […]
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September 22, 2020
Value is simply defined as the excess of benefits for service or product that a client pays for (generally, clients perceive value as the total benefits from the product or service procured less the actual cost of procuring that value – essentially the price and other related costs. This means businesses generally exist to offer […]
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