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Non-Cattle Specific Topics
Coffee Shop
moral road vs legal road
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<blockquote data-quote="Commercialfarmer" data-source="post: 1084472" data-attributes="member: 14544"><p>I already commented about this, and it being a decision not of business practice but of benevolence. To add something to consider, as a business, any charges you do not capture from failure to invoice or from discounting, it takes something like 5 times the value in new revenue to regain the loss of the missed or discounted charges. Because for each new service performed, you have to account for man hours and materials that figure into to costs to provide that service and since most businesses function on about 20% profit.</p></blockquote><p></p>
[QUOTE="Commercialfarmer, post: 1084472, member: 14544"] I already commented about this, and it being a decision not of business practice but of benevolence. To add something to consider, as a business, any charges you do not capture from failure to invoice or from discounting, it takes something like 5 times the value in new revenue to regain the loss of the missed or discounted charges. Because for each new service performed, you have to account for man hours and materials that figure into to costs to provide that service and since most businesses function on about 20% profit. [/QUOTE]
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