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One concept you learn in business school is that of sunk costs. In case you have not been introduced to the term of a sunk cost, it is essentially an unrecoverable cost. An example of a sunk cost is the purchase of a machine that makes [...]
If you are providing retail computer services to the general public, you need to keep a couple of things in mind, the price floor and the price ceiling. By price floor, I mean that you have to keep in mind that you have to make money. You can’t give away your services. You have to [...]
A while back, I wrote about my decision to take on a Virtual Assistant for a fixed monthly fee. Previously, I was paying a $10 retainer fee to GetFriday.com to have a VA available for the occasional odd job. Now, I’ve raised my subscription to $120/month for 10 hours of service. I’ll have to figure [...]
