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The prices you charge for your products or services can have a dramatic effect on sales and profits. Your pricing strategy also determines how customers view and respond to your product or service.

A business ‘channel’ is you how you find customers or the way they buy, and online channels are continually changing (almost daily it seems) as new technologies and trends hit the market.

Every business has their own critical success factors to indicate how well they are doing. These success factors could be sales growth, number of new leads, among others.

Intangible assets often make up the ‘secret sauce’ of your business, such as the way you do business, your customer database, and your customers buying behaviors.

Don’t be afraid to expand your operations if there’s enough demand to justify it. You’ve heard the old saying – you must spend money to make money – and this is especially true when spending to improve your business capacity.

Debt collection can be problematic for some businesses to face. Recovering the money owed by your customers who pay late, or not all, is a challenge that requires a systematic approach.

One of the best ways to get more cash coming into your business is to increase your prices. It widens your margins and frees up cash you might need for business growth.

If your business experiences fluctuations in sales depending on the seasons, buying cycles, or holidays, find out how to maximize sales during peaks and minimize losses in the troughs.

Getting the best price for your business means planning well in advance, even if the sale is years away. It's also essential to spend time getting your business into top shape.

There could be any number of reasons you’re leaving your business. You might be selling it, or you could be handing it over to family or key employees to run as you step down.