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You’ll get the importance of this in a moment. Hang in there. Substitute the word “money” for “water” and we have an explanation for most all the reasons why successful products move from concept through early adopters through mass market. How money flows through the system Money flows to the cheapest effective solution to a […]
The post Economics 101: If Water Flows Downhill, Then Why Fight It? appeared first on SmallBizClub.
Most college econ courses teach marginal economics. So, not to scare those who didn’t take econ, here is a simple explanation. Let’s use break-even as our test Let’s say that your company is exactly at breakeven. Here’s the importance of that event and how it affects every productive move you make after that moment. There is amazing […]
The post How much is that one additional unit worth? appeared first on SmallBizClub.
This is one of those “My dad used to say” homilies. You’ve probably heard the accompanying “It takes just as much effort to sell a small deal as a big one,” over the years. It is not that simple in the business world The truth of this is more nuanced. Some businesses will prosper in […]
The post Should You Cast Your Net Where the Big Fish Swim? appeared first on SmallBizClub.
