AngelBiz commented on the following stories on BizSugar
How to Determine Pricing for your Products and Coaching
"The first rule of Economics says that you should charge each customer as much as he is willing to pay for it. Obviously, this is easier said than done. There are certain rules you can use to determine the pricing. - Do not set the price based on what competitors are charging. - Do not start with low price. If you have to want to attract value customers, keep the price the same and distribute coupon. - Do not compete on price, focus on value instead. - The price of a product is in the eye of beholder (customer). Try to understand how much does the customer value your product and charge accordingly."How to Position your Business for Success: 5 Surefire Strategies
"Valentine - Interesting topic of discussion. I like the first and last points in the post. For small business owners cash is king and if you do not watch your cash flow carefully you may find yourself in heap of trouble really quickly. Also, making small business successful is a long-term endeavor. If you are not ready to tough it out for extended period you are not going to be successful."THE Two Most Powerful Keys to Unlock CASH In Your Business
"You can also call Subtraction the power of focus. You don’t need to manufacture 100 products, you don’t need to serve all types of customers. Pick your fights wisely and you will succeed. Apple is one of the few companies that embodies this principle the best."5 Ways to Take Advantage of the Tough Economy
"I always consider difficult times to be the best times to start business or reposition your existing business to take advantage of the opportunity. Some of the best companies, such as HP, were started in difficult times. The key is to assess your business vis-a-vis competition and take actions that will not only help you survive the business in the short-term, but also help it grow when economy does improve. I would also add that you should cut your costs to stay profitable and cash flow positive during difficult times and see if there are other buyout or customer acquisition opportunities due to some of the competitors going out of business."8 Ways to Get Rid Of Procrastination in Your Daily Business Tasks
"Nice compilation. I would add one more to the list - learn to delegate. Many times you are procrastinating because you simply have too much on your plate and things just fall through the crack. This is especially true for small business owners who are trying to juggle multiple tasks at the same time. By delegating some these tasks you will be able focus on important ones and finish the others."Five Things To Consider Before Starting A New Business
"I would also recommend looking at your finances and make sure you have enough money to start the business and operate it for at least 6 months. If you are just starting out you also need to have extra cushion to take care of personal expenses in addition to the business expense."Why Relationship Marketing is more Important than Ever
"This is a great Infographic. Mobile and social media are two trends that every business owner has to learn to take advantage of for marketing. This is the way to build one-to-one relationship with customers and build loyal customer base and grow sales."Should You Work with Your Significant Other?
"Miranda - Great topic for discussion. I always advise my clients not to work with or even hire spouse or any close relatives. When it comes to small business you cannot mix business and personal lives. Your life as small business owner is challenging as it is. Including spouse or close relative in the mix only complicates situation. For one thing you cannot be brutally honest in this situation and it can hurt your business. You may also find yourself in awkward situation in trying to balance the personal and business decisions. The best solution is to avoid getting in that situation to being with. "Subscribe
11 Secrets to Pop up Retail Success
"Very interesting ideas and tips. I like #5 and #8, in particular. Adding a touch of drama helps you grab attention of potential customers. Showing them how establishes connection with them and increases their interest. I am a believer in "Show and Tell" method of selling. One can increase the sales success by 20-30% by employing the Show and Tell. "