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Archive for January, 2013

Offering discounts without knowing your profit margin per product is a recipe for financial disaster!  Discounts can work if, as a result of the discount, you have enough additional sales to compensate for your lower discounted margins. Would you like to be able to calculate how many more items you would need to sell at a given discount before you would begin to bring in extra profits?  If so, check out “Underpricing takes the value out of value-added” 

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ONagbusiness  is a  place to find timely information, updates and resources for Ontario agricultural producers and business advisors including tools for making capital investment decisions to tools for managing  staff that will help you make informed business decisions.  For more information on agricultural business management visit the Ontario Ministry of Agriculture, Food and Rural Affairs website at: http://www.omafra.gov.on.ca/english/busdev/agbusdev.html

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