DECIDING THE RIGHT PROFIT OF A CERTAIN PRODUCT?
1 . WHICH OF THE FOLLOWING WOULD LIKELY DO? IN ORDER TO SUSTAIN THE BUSINESS AND SURVIVE PROFITABLY AGAINST COMPETITORS?
| A | - SAME product profits adding up to 25 to 40% and only a labor cost of only 23 USD
| B | - SAME product with a profits adding up to 50 to 100%
and a labor cost of 33USD.
2. IN MANAGING A BUSINESS, WHICH IS RIGHTFUL TO DO?
A . Do Not accepting jobs / projects with the Post Post Post Post Post Are the Post Are the Post Are the LOWER That Are Post Post Post Are the company standard marked-up, the the the the the NOT accepting the sample below 50% profit?
B. Having a flexible way of accepting clients eradicating the Possibility of not accepting jobs with the marked up the lower than the company standard as long as it is profitable to the company.
3. HOW DO YOU MANAGE TO MAKE YOUR COMPANY STAY ON TOP OF THE MARKET?
A. Staying in office the whole day? Staying online whole day? Having no salesman? Waiting only for previous clients who may have been ordering to other establishment because they have lower price. Impressing the owner by added more marked up and much higher labor cost to make it more profitable to the Company.
B. Keeping up to date by the latest trend of the market. Finding new solutions to boost the company earnings . Hire salesman, offer products at lower cost as long as it is profitable to the Company. It may be less but with much much more volume in return.
4. WHEN IS THE RIGHT TIME THAT A CERTAIN COMPANY STOPS THE BUSINESS?
A. Stopping it right away when the Company's bi-annual earning falls up to 50%
B. Do Not stopping up to the point the Company is not able to pay all its employees salary.
C. Try some strategy for a Certain period: Reorganizing the business, changing the approach toward acquiring projects and adding marked-ups, changing the business manager, employing new and knowledgeable in the business.
5. WHEN CAN YOU SAY THAT YOUR MANAGER IS EXCELLENT IN HIS WORK?
A. When your Manager talks too much?
B. When you visit he is frequently shouting at the workers.
C. Or by personally interviewing him and by letting him propose an outright business plan on how he will run the business for the next 2 years or more and monitoring his results?
D. Or just deciding to give him all the trust because you know him.
Questions like these might be a good thing to consider before you will proceed with the business.
"China was able to conquer the world market by offering same product and services at a very low and affordable price."
There is no competitor who wins an honest bid by giving highest Marked-up unless some ill negotiation is going on under the table.
In other words what your Company is undergoing today are the fruits of you decisions how to run the business against all your competitors. Have fun ..... stay competitive ..... learn new tricks to win..Good luck !!!!
1 . WHICH OF THE FOLLOWING WOULD LIKELY DO? IN ORDER TO SUSTAIN THE BUSINESS AND SURVIVE PROFITABLY AGAINST COMPETITORS?
| A | - SAME product profits adding up to 25 to 40% and only a labor cost of only 23 USD
| B | - SAME product with a profits adding up to 50 to 100%
and a labor cost of 33USD.
2. IN MANAGING A BUSINESS, WHICH IS RIGHTFUL TO DO?
A . Do Not accepting jobs / projects with the Post Post Post Post Post Are the Post Are the Post Are the LOWER That Are Post Post Post Are the company standard marked-up, the the the the the NOT accepting the sample below 50% profit?
B. Having a flexible way of accepting clients eradicating the Possibility of not accepting jobs with the marked up the lower than the company standard as long as it is profitable to the company.
3. HOW DO YOU MANAGE TO MAKE YOUR COMPANY STAY ON TOP OF THE MARKET?
A. Staying in office the whole day? Staying online whole day? Having no salesman? Waiting only for previous clients who may have been ordering to other establishment because they have lower price. Impressing the owner by added more marked up and much higher labor cost to make it more profitable to the Company.
B. Keeping up to date by the latest trend of the market. Finding new solutions to boost the company earnings . Hire salesman, offer products at lower cost as long as it is profitable to the Company. It may be less but with much much more volume in return.
4. WHEN IS THE RIGHT TIME THAT A CERTAIN COMPANY STOPS THE BUSINESS?
A. Stopping it right away when the Company's bi-annual earning falls up to 50%
B. Do Not stopping up to the point the Company is not able to pay all its employees salary.
C. Try some strategy for a Certain period: Reorganizing the business, changing the approach toward acquiring projects and adding marked-ups, changing the business manager, employing new and knowledgeable in the business.
5. WHEN CAN YOU SAY THAT YOUR MANAGER IS EXCELLENT IN HIS WORK?
A. When your Manager talks too much?
B. When you visit he is frequently shouting at the workers.
C. Or by personally interviewing him and by letting him propose an outright business plan on how he will run the business for the next 2 years or more and monitoring his results?
D. Or just deciding to give him all the trust because you know him.
Questions like these might be a good thing to consider before you will proceed with the business.
"China was able to conquer the world market by offering same product and services at a very low and affordable price."
There is no competitor who wins an honest bid by giving highest Marked-up unless some ill negotiation is going on under the table.
In other words what your Company is undergoing today are the fruits of you decisions how to run the business against all your competitors. Have fun ..... stay competitive ..... learn new tricks to win..Good luck !!!!

