Talking Business

Marvin Carolina Jr.: How to set the right price

When setting price, do you track everything that goes into your product or service? You should. Setting price can be difficult, but it must be done. And if it’s done correctly, your business is likely to prosper.

Talking Business

Marvin Carolina Jr.: What is your business worth?

If you have no plans of selling your business, when you retire you will need to replace the income you receive from your business with another income stream. Or you may intend to sell but no time soon. Whether you plan to sell in the near future, in the distant future, or not at all, I suggest running your business as if you intend to sell it. So you have to know what it is worth.

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