Tag Archives: money

How to Build Value? COGS, WTP, Perceived Value, Objective Value

In a business there is a chart people should understand. Since nothing is absolute and everything is relative people perceive a product or service differently in which they will value it differently. The objective for a business is to build more value than the buyer is willing to pay, this increase of value will make the […]

Do You Like FREE? 4 “Free” Business Models

Have you ever heard the saying, “there is no such thing as a free lunch.” Well in the process of transactions through economics it is very true. What may be free for one person had to have been paid via labor or monetary cost by someone else. I will explain to you 4 Business Models that work on […]

What Value Can Your Business Provide? B2B or B2C.

In business we are allowed the opportunity to price our product or service. Before we go into the value your company can offer. Lets dive into who you will be targeting. Is your service or product meant for another business or is it meant for the public consumer. For a business to be profitable there must […]

What Will You Offer? A Product or A Service?

Are you business oriented? Do you want to start your own business? Have a great idea? I’d like to hear it. For this article, we will be discussing the simplest of economic terms in business. What will you be offering? Will it be a product or will it be a service or possibly a combination […]

I Want Everything but Need Nothing

In today’s society not many people are content with the things they have. They always aspire for more because they compare themselves to those around them which can lead to dissatisfaction. However I want to differentiate the two words: need and want. The book definition of a need (v) is “to require (something) because it is essential or very […]

Have the End Goal in Mind: Reverse Goal Process

Have you done the 3 Questions to Help You Find Your Meaning in Life (Part 1)? And the 3 Questions to Help You Find Your Meaning in Life (Part 2)? Well there is a concept called the reverse goal process. This is where you have the end goal in mind. To learn more about my […]

Money is Worth Nothing in a Vaccum

Money alone is worth nothing. But in a capitalist society, money is one of humans greatest incentive to do anything. Before I go on a tangent about how everyone can make money, we must first understand the system in which we live in and define the word, money. Money (n): a current medium of exchange in the form of […]

3 Questions to Help You Find Your Meaning in Life (Part 2)

Have you done PART 1 yet? Well do it before you scroll down or else it won’t be very beneficial to you. | | | | | | | | | | Now use your top 3 most important things you circled in each list to each question. If I had all the time and money in the world without fear of […]

3 Questions to Help You Find Your Meaning in Life (Part 1)

In order to achieve your end goal you must have an end goal in mind so think big. I have three questions I would like to ask you and in order for this to be beneficial take out a piece of paper NOW and write the first question on top. The first question to ask yourself is, “If I had […]