There are a million tips on how to increase profits. However, despite this, up to 95% of businesses operate with minimal profit or even at a loss. The bottom line is that not all methods are effective for specific businesses. The question is to choose exactly the methods that will suit a particular business. If they are picked up incorrectly-profit is not visible.
How to increase profits
There is no magic wand that can be waved to increase profits. Increasing profits is a serious job that requires special knowledge and technology. If there is no time and desire to master them, then it is advisable to outsource the increase in profits to specialists, which by the way is inexpensive. Continue reading
Many businessmen, having opened a legal entity, begin to believe that now they have their own business. Satisfied, they RUB their hands at the realization that they will now work for themselves and not for their uncle. The desire to work for yourself and not for your uncle is a good desire, it should be encouraged. The more people who take responsibility, the better. However, there are nuances.
From a legal point of view, the business really belongs to the newly minted businessmen, and they really work for themselves. But the legal point of view is not the only one. There are other points of view. Continue reading
The principle of the invisible hand of the market is a term coined by the Scottish economist and one of the founders of modern economic theory, Adam Smith, to explain the mysterious processes in the market. He realized that the behavior of buyers and sellers in the market is determined not only by their desires, but also by some third party, which is not visible.
The principle of the invisible hand of the market
For the reason that this side is not visible and clearly has to do with the market, it was called ” the invisible hand of the market.” This third party coordinates the decisions and desires of buyers and sellers, and does it without them noticing. Continue reading