I had no idea how much my cakes cost to make, and I was comparing my cakes to grocery store cake prices. Overtime I learned to value my time and effort, and began to recognize the type of people I wanted to bake for. But I still undercharged my cakes for YEARS! How to Price a ...
Wholesale pricing is what you charge retailers who buy products in large volumes. Here, learn how to calculate wholesale price and profit margin for your product.
The best time to become familiar with how your partner handles money is early in the relationship. You and your significant other share all sorts of wonderful things, including love, family and intimacy. But that means you also get to share the not-so-romantic things, including debt, budgets...
Menu engineering is an effective, scalable process for balancing your menu between popularity and profitability. The goal is to harmonize costing and pricing information with your restaurant vibes and brand — all while maintaining or improving customer satisfaction. ...
A budget is simply an attempt to estimate your income and expenses – but it's never perfect. Emergencies pop up, job titles change and higher-than-anticipated costs due to rising inflation can turn any budget on its head. While it's important to remain flexible, digging into the granular...
Who doesn’t love a good deal? I know I do! Retailers know how tolure their customerswith a flashy (and perfectly placed) sales rack. But how much is all this saving reallycostingyou? If you buy a sweater you were never going to buy just because it’s 25% off, you’re actually ...
1. Plate costing helps you be more strict in pricing your menu items. You have to know menu item costs to price each plate according to your target profit margin.Remember, the margin is simply the difference between costs and price. It is usually expressed as a percentage and calculated usi...
According to recent research, failing to negotiate your salary when first accepting a job offer could becosting you over $600,000in salary during a typical career. If that’s not enough to make you want to get out of your comfort zone, what is?
How Much Is Clutter Costing You? Living with clutter can have serious financial and emotional costs. Here are some ideas about how to get it under control.
Price sensitivity varies from person to person and good or service, with some items deemed worthy of costing a premium and others not. Consumers also have less price sensitivity when a product or service is used along with something they already own. For instance, once members pay to join an...