The Accidental Entrepreneur Blog

In Step 10 and Step 11 we’ve been exploring how to track our production and sales numbers, and what the relationship between those numbers means for your business. Not meeting…

In Step 10 we explained what metrics are important to track, and how the relationship between your production numbers and your sales numbers can tell you what steps you need…

In Step 9 we set our product price, our annual production goal, and our annual sales goal. The next step is keeping track of our progress, so we know whether or…

The worst feeling in business is when things aren’t quite working, but you don’t know what action to take. This can cause kind of a shotgun reaction where you try a little…

Can you see the light at the end of the tunnel? We’re almost there. The next step is setting your retail and wholesale prices. It is a good idea to know…

In Step 4 and Step 5 we established your minimum product price. And in Step 6 we explored the possibility of lowering your costs.   But let’s talk about charging…

In Step 4 and Step 5 we calculated your minimum product price or your minimum batch price. This is your rock bottom minimum price. Sell your product for less, you will…

In step 4 we took your total minimum annual operating costs* and divided it by the #of units realistic annual supply, and that gave us your minimum product price. Using the numbers from…