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The Business Builders Newsletter

How To Set The Perfect Product Price For Maximum Profits

The Business Builders Newsletter

Dear reader,

BLOG

How To Set The Perfect Product Price For Maximum Profits

Your ability as a small business to set the right product price is pivotal in determining the success of your products or services.

Finding the sweet spot between maximising profits and attracting customers can be a challenging task. However, with a well-thought-out pricing strategy, you can optimise your pricing to achieve the perfect balance.

In this article, we will talk about the art of pricing and provide you with effective strategies to set the ideal price for maximum profitability.

PROCESSES AND SYSTEMS

How To Document Your Business Process With Ease

You don’t find a lot of small businesses documenting their processes.

This is simply because they don’t find any reason to.

In the early stages of a small business, when you have only a few employees, you can easily choose to ignore documenting your business processes and suffer no harm.

However, as your business grows, choosing to ignore process documentation will expose your business a myriad of problems.

GROWTH FINANCING

Five Sources Of Finance For Growing Your Small Business

Small businesses are the backbone of the Nigerian economy. They account for over 90% of all businesses and employ over 50% of the workforce.

According to a 2019 survey by the World Bank, only about 7% of small businesses in Nigeria have access to credit from formal financial institutions. This is due to a number of factors, including high-interest rates, stringent collateral requirements and a lack of financial literacy on the side of Small Business Owners.

Growing a small business is no easy task, especially in a challenging economic environment like Nigeria. Access to finance remains a major challenge for most small business owners, especially those who are just starting out.

GROWTH STRATEGY

4 Processes You Need To Optimise To Unlock Business Growth

In this article, we discuss key processes that need optimisation to unlock business growth.

Many businesses today focus on so many things as they plan for growth and forget that growth can be dramatically increased by improving processes.

Optimising business processes simply means ensuring that your business runs as efficiently and effectively as possible.

SME TV

BUSINESS ACCELERATOR

The Business Builders Accelerator Programme

What would it take to get your small business to reach the next level? funding, skilled talent, or innovative growth strategies.

Look no further – the Business Builders Accelerator Programme is your ultimate solution.

Our exclusive hands-on entrepreneurship education and development programme is designed for ambitious Small Business Owners like you, eager to grow and scale your ventures.

Reach your 12-month or 5-year goals with personalised one-on-one training and mentorship, guiding you to build a self-managing, owner-independent business.

Leverage our expertise to refine your strategy, overcome challenges, and bridge the gap between your current state and your vision of success.

Apply for The Business Builders Accelerator Programme today and embark on a journey towards unparalleled entrepreneurial fulfillment!

BOOKS

The Small Business Handbook

Start and run your small business with an uncommon edge.

Get ready to soar past the competition with expert tips and tricks from renowned entrepreneur Ted Iwere's ultimate small business guide. Packed with practical advice, this roadmap will help you turn your entrepreneurial dreams into a thriving reality.

From supercharging your marketing game to mastering efficient operations, uncover insider strategies to propel your business from startup to scale-up.

Don't miss out on the secrets to explosive growth and lasting success – grab your copy of The Small Business Handbook today!

Get more from The Business Builders!

· Read back issues of our blog.

· Buy The Small Business Handbook.

· Enrol for The Business Accelerator Programme.

· Download our FREE eBook on How To Find The Money to Start, Grow and Scale your Business.

· Watch SME TV, our YouTube Channel.

· Sponsor The Business Builders Newsletter.

· Founder: Ted Iwere