Recent Articles

Product

Product is one of the three ‘P’s in small business operations: People, Process and Product. It refers to the action outcome of the company. In reviewing or analyzing the product the owner has to look to the market to determine the demand for product and then correlate this demand to opportunity to generate profit.

Substitution Principle in Business

11/24/2014

There are a multitude of principles used in business, some are industry specific, others are functions of business.  But there is one that is a general principle that is used across the board in all areas of business.  It is called the [...]

People, Process & Product – The Profit

11/20/2014

Marcus Lemonis is the star of a TV series show called ‘The Profit’.  He helps failing business turn around and become successful operations by fixing the three core elements of every business.  He refers to these elements as the 3 P’s: [...]