Factor No. 1 in our series was pricing for prosperity, which meant knowing your costs of doing business. Knowing those costs will help you set the prices you need to prosper, and an important part of that prosperity is managing your expenses.
First, you have to know what your expenses are. A simple formula for a successful business is to bring in more money than you send out. With that in mind, let's go to work on managing your expenses so you can keep more of the money you bring in.