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10 Apr 08
Home Biz Profit vs Loss Tracking
For most home business owners and many small business operators, their idea of a profit and loss statement is often oversimplified (If they even have one at all). If they had more income than expenses, they made a profit. If not, they had a loss and will usually try to find more business or increase prices to turn the trend around.
By better understanding your business's profit and loss statement, you will be able to determine not only how much money is earned and spent, but also track your expenses to gain better control of the finances.
26 Feb 08
The Secret to Overcoming the Price Objection ~ Sales BlogShots
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Ok. This is false advertising. There is no secret to "overcoming" the price objection.
The truth is that the price objection cannot be overcome. That is because it
isn't intended to be overcome. It is meant to be resolved through thought
facilitation by a sales person. The sales person's role is to help the prospect
work through the price concern as opposed to attempting to overcome
it.
First, can we agree that it isn't really an objection? It is a concern. I
know that many sales books call it an objection, but it is not. It is an attempt
by the prospect to resolve financial questions in their mind. People want to
feel good about decisions they make and that is why concerns are brought
up.
The mistake many sales people make is that they think they understand the
prospect's concern when the price issue is initially raised. A fatal flaw,
indeed! The truth is that the cause for this concern isn't initially known. A
myriad of possibilities could be causing this to come up now such as:
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