Is your pricing link to your cost directly? Is your business profitable?
Pre lockdown while I was on assignment speaking to an Entrepreneur I realized one thing… Guess what?
Pricings of many businesses are not directly linked with actual cost…… ok then
In many businesses, indirect cost is assumed & in some cases even ignored.
Isn’t there a bright chance of making a net loss at the end of the day?
Yes, but what should be done? I will suggest
1. Update Cost sheet
2. Linking of actual cost with cost sheet – if req software is coded acc.
3. Adjusting under/over capacity utilization – again software is coded acc.
4. Base pricing is mark-up added on cost sheet
But end result is waste as Entrepreneurs don’t have control over overpricing?
Also, our expert panel of entrepreneurs is ready for your questions, do follow this link to ask any question regarding your entrepreneurial journey:https://sncoglobal.com/#q&a
