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The Seven Deadly Business Sins
2 pages
Published by
kahn
We are all sinners – at least in the business sense.
And, it is hard not to be a business
sinner today.
In our current pell-mell state of rushing about putting out current “business
fires” it would be beyond the capacity of mere...
[More]
We are all sinners – at least in the business sense.
And, it is hard not to be a business
sinner today.
In our current pell-mell state of rushing about putting out current “business
fires” it would be beyond the capacity of mere mortals not to make one or more of the socalled business sins.
Knowledge of these seven great business sins will not make you
perfect, but can allow you to be a better business manager.
1.
WORSHIPPING HIGH PROFIT MARGINS
If you maximize your profit margins, you’ll also maximize your competition.
High
margins mean your competition will lower their costs just to beat you out.
Rather than
have the highest profit margin, go after market share instead.
2.
MISPRICING A PRODUCT OR SERVICE ON WHAT “THE MARKET WILL
BEAR.
”
Maximizing the price of a product or service based on what people will pay will not
increase your market share.
Find your niche, stay in it, and price your product or service to
bring in more clients and customers.
3.
USING COST-DRIVEN VS.
[Less]
Tags
bring,
business,
competition,
costs,
driven,
line,
manager,
margins,
market,
opportunities,
price,
problems,
product,
profit,
sales,
service,
share
