A case where the seven Ps should have been observed.
As a small business, have you ever bought something you shouldn’t have. Something that cost a fortune and you didn’t plan it properly. If you did, unless you had great cash flow, you wouldn’t survive for too long.
I went away for the weekend with Loreto to a Murder Mystery weekend in the Yeats Country Hotel in Rosses Point. It’s the first time I was on a MM weekend and I have to say it was brilliant. There were six actors there for the whole weekend and the hotel was full.
The video is at the end of this article. The interviewer humourously asked him if he had actually finished what would he have become. He then asked him if he had dropped out of Yale or Prinston, would it have been as prestigious.Bill Gates was interviewed by Harvard University last week and he was reminded that he dropped out of Harvard.
As business people, you may have heard of the theory of price elasticity. It’s a very real theory that operates in real life. In short, if a product is price elastic, it means that if you increase the price – you sell less, and if you decrease the price – you sell more. In fact, when you look at it practically, it makes sense. Our Irish government have not taken note of it when it comes to VAT increases. But that’s for another article.