There is a special formula to determine the best price for a product. The only problem is, no one has figured it out yet.

In theory, there is no preferred pricing method. Both discount and premium pricing techniques are considered to be viable strategies.

However, many entrepreneurs seem to prefer utilizing the premium pricing approach when pricing their products. Their argument is that you don’t have to compete with the larger, more efficient companies on price, but you can enjoy a higher profit margin. [click to continue...]

Want to know the single, best tip for idea generation?

We have covered some useful tips to get you started on idea generation when either beginning down the path of entrepreneurship, or looking for more inspiration to expand your business.

These tips may be quite helpful, but unfortunately they wont make you the next Starbucks. [click to continue...]

Thinking about starting a new business but have no idea on what business to start?

We’ll you’re not going to find any ideas here. Business ideas cannot be given to you–you have to come up with the ideas yourself.

Idea generation is an essential skill that every entrepreneur must possess and it is vital that you develop this proficiency. [click to continue...]

We have heard the saying often and have for so long believed it to be true:

“Pursue what you love and money will follow”

So many of us blindly follow this advice without recognizing the sad truth: this advice has no merit whatsoever.

Don’t agree? Allow me to go into detail as to why following your favorite hobbies or pastimes for profit could take you only a little passed nowhere. [click to continue...]

If the past few months of economic news has gotten you depressed, you’re not alone.

While we are experiencing some very tough economic times, there is still plenty to be happy and optimistic about despite the fiscal troubles we are facing.

It turns out, we have a lot of reasons to stay positive during this recession and why our successes continue to have an optimistic outlook. [click to continue...]