Business owners need to possess multifaceted skillsets. Not only is it imperative to possess exceptional work ethic and business management skills, but you need to be an excellent writer, a mathematician and a creative thinker, as well. When it comes to finding the ideal profit margin, it requires both excellent mathematical skills and innovative thinking. … Continue reading Honing in on the Perfect Profit Margin
Tag: vendors
5 Red Flags Signaling the Need for a New Wholesale Supplier
Every business owner knows the importance of a quality supplier. The supplier forms the very foundation of the business, providing you with a vast selection of quality merchandise, partially determining your profit margin and ensuring your shelves are always stocked. With the wrong supplier, your business will suffer, and keeping your doors open will feel … Continue reading 5 Red Flags Signaling the Need for a New Wholesale Supplier
Dealing with Vendors
In our free enterprise system, companies and industries develop and improve through competition, and a key requirement for competition is knowledge about the operations of all major competitors in the market. Such knowledge inspires one competitor to gain or protect an edge over another and motivates lesser competitors in a market to emulate the operations … Continue reading Dealing with Vendors