Small Business Incubators
This clip talks about the option of starting a company as part of a small business incubator, which is essentially a shared facility of resources.
Subject: overhead
Transcript: SHARING RESOURCES SMALL BUSINESS OWNERS LOWER OVERHEAD AND OPERATING COSTS AND INCREASE THEIR CHANCES OF SURVIVAL. SMALL BUSINESSES WHO ARE NOT LOCATED IN
Pricing Products and Services
Basic formulas for calculating markup, markdown and cost, and how to apply the concept of percent to markup and markdown problems.
Subject: overhead
Transcript: 'S ACTUALLY MADE UP OF TWO THINGS. OPERATING EXPENSES, ALSO CALLED OVERHEAD, AND PROFIT. ADD OVERHEAD AND PROFIT TOGETHER AND YOU'VE GOT YOUR MARKUP. OR, TO
Pricing Case Study: "Rags to Riches"
This clip profiles a company that makes custom quilts and toys. The owner explains that setting prices has always been a challenge, but notes that positioning her company as a high-end manufacturer of custom products has made the task a bit easier.
Subject: overhead
Transcript: PERCENTAGE OF YOUR OVERHEAD, YOUR WORKMEN'S COMP, ANY OTHER EXPENSES THAT GOES ON IN YOUR BUSINESS THAT GOES INTO MAKING THE PRODUCT SELL. SO WHEN I FIRST
Allocating Costs and Profits
The mathematics used to determine the profitability of a product or service by proper allocation of overhead costs.
Subject: overhead
Transcript: BUSINESS PEOPLE TRY TO KEEP THE INDIRECT COSTS AS LOW AS IS REASONABLE. CUTTING INDIRECT COSTS, CALLED OVERHEAD IN MANY INDUSTRIES, IS RARELY A SIMPLE
Risk and Self-Doubt
This clip looks at the financial risk most entrepreneurs assume when they start their new business, and the self-doubt that can crop up at any point.
Subject: overhead