Getting funding for a new business can seem complicated. Many entrepreneurs sign over the future of a company to get fast cash today. That pile of debt might bankrupt a company if not kept in check.
There are multiple sources of funding for entrepreneurs. Each has its pros and cons. Picking the wrong one could cost a company its future. Debt is not as good a thing as you might be lead to believe.
Whether to use price skimming or penetration pricing for an initial product launch can set a company up for either success or failure.
Every company that launches a new product wants to be successful. The question they need to answer is "by what measure?" Are they a success if they make a bunch of money initially? Or if the company controls the majority of the market? How a business answers this question determines the best pricing strategy to use.
Many people wonder if attending college is worth the expense. There are many factors to consider before you make that decision.
A complicated question
On the one hand, statistics show that college graduates still on average make more money over their lifetimes, than an equivalent high school graduate. But the cost of the student loan debt must be factored in as well. Just getting a degree is no guarantee of success.
Ethan Hausmann is currently the Vice President of Marketing and Community Outreach for Successtar Enterprises LLC. He is an author, professional speaker, and seminar/workshop instructor. Ethan has extensive knowledge and experience in marketing, customer service, leadership, and other small business related concerns.