Defining prices and some errors. . . . [ESP] Definiendo los precios y algunos errores. . . .
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When we are entrepreneurs there are principles to which we must adjust if we want to achieve success in our business.
A very common mistake in the environment of entrepreneurs (in some cases they don't know how to do it) is to start living off their savings supposedly for a short time, this in terms of business.
This brings many problems such as determining the break-even point of the business or the determination of prices, this simply because the cost is not calculated and this number is essential in any of the business calculations.
Imagine for a moment, can you always live off your savings? When we talk about products it's one thing, but when we're in the service business it gets even more complicated since the entrepreneur is selling time from his knowledge and experience.
Here we can also mention that business and personal finances are not separated, that is to say: The entrepreneur does not pay himself a salary either and there are never limits to the amount he wishes to use individually or for the company. Has it happened to you at some point?
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