About this lesson
This lesson will help you to set optimum prices for your goods or services. These enable you to maximize profit, while making sure your prices remain attractive to your market. Along the way, you will find out how to work out costs associated with bringing your products or services to market.
How much does it cost?
All related online training is fully funded by SCORE. There is no cost to you to access and use these lessons.
Why you should do it
Getting your prices right is critical to the success of your new venture. Aim too high and you’ll lose potential customers. Set your prices too low and you’ll lose profits—and you might even lose sales by creating the wrong impression of what you are offering.
Who should complete it
People starting a business who are unsure about how to work out prices.
What you will end up with
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An example of overheads in a restaurant
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A cost-plus pricing model template
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A job-costing-card template
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A process-costing template
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A charge-out-rate calculator template