The above question is faced by most small business entrepreneurs in choosing a business concept to go into. There is a tendency to choose the low-margin high-volume because it may also mean lower capital outlays.
Jewelry is high-margin but low=volume. Some processed foods are low-margin but high=volume. Is it worth the effort to do the latter?
Some say that as a small business entrepreneur, we have limited everything: time, money, resources, manpower and therefore, we should aim for the high-margin low=volume route to maximize what we have.
Please give me your comments on this. Thank you.
No comments:
Post a Comment
Use the Comment Section to request for further information when available or to let me know what you think of the above post. Thank You So Much.