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Tag: profitability

fidget spinners

The 80/20 of Fidget Spinners

Posted onAugust 16, 2017November 14, 2017

Have you seen these “fidget spinners”? Every kid in America has at least one now. Six months ago, almost nobody had one! I call them the Pet Rock of 2017. (If you’re too young to remember that, Google it!) The peak of the spinner craze has come and gone. They used to cost about $15, Read More …

Tagsanalytical, enhancement, innovative, profitability

80/20 Pricing your most valuable asset

Posted onJuly 14, 2014November 14, 2017

What does 80/20 say about how you put a price on your time? In my last email I shared a lesson I learned in the apartment rental business. People there know that a 5% vacancy rate will give you the most profit. I believe this is true of any commodity. But 80/20 says there’s no Read More …

Tagsmaximize, model, profitability, segment

How do you price your most valuable asset?

Posted onJuly 9, 2014October 10, 2017

First of all – what is it? I believe that the everybody’s most valuable asset is the one is most limited: time. No matter how much you own, earn or know, you can not get more than twenty-four hours per day. So, how do you determine what your time is worth? (assuming you are willing Read More …

Tagsmodel, profitability, segment

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