Self-Reliance
3: Ensuring That I Have a Profitable Business


“Ensuring That I Have a Profitable Business,” Starting and Growing My Business for Self-Reliance (2017)

“Ensuring That I Have a Profitable Business”

3

Ensuring That I Have a Profitable Business

Image
A man working on a door

“My Foundation” Principle

  • Manage Money

Business Principles, Skills, and Habits

  1. Would I Want This Business?

  2. Refining My Personal Business Planner

  3. Understanding Variable Costs and Fixed Costs

  4. Understanding Gross Profit Margin and Net Profit Margin

  5. Accounting for the Value of My Time

  6. Price for My Service or Product

  7. Do I Have a Profitable Business?