NR Media

According to the latest business statistics, two thirds of the new business establishments last for the first two years and only 44% of this survive the next four years. Business failures are not only caused by the downfall of the economy. Most businesses fail because of improper management, low sales, wrong inventories and a lot [...]

Profitability is affected by a lot of factors, especially pricing. Giving prices to your products or services is the hardest part of owning a business. Using inappropriate methods of pricing like cutting prices too low may drain out your profit. This method may not even guarantee optimum sales or purchases. Having an appropriate method of [...]