Today is quiz time.
Quick answer this question for me; What is you ideal selling price for roses if your cost is 84 cents and your margin needs to be 70% , and your wastage is about 5%? Beep! Too slow sorry :(
Second try..Ready? what is your brake even point for next Valentines? You have your variable and fixed costs, you know you will buy 1000 roses and your selling price is $4 each rose. Do you know what your safety margin needs to be in order to protect profitability? Beep! Sorry again you are just not yourself today :(
One more time, this one is for the new car. Ready? What is the percentage change for and arrangement that was $75 and now is $50? Little beep on this one, you almost got it.
Not to worry, most people are not able to solve these type of question in the blink of an eye. We are just too busy running the business, and looking after other things. However, these type of questions should be the first thing you ask yourself when you buy that case of pink carnations, or that nice bucket of lisianthus on special. They are critical in making the business successful.
The solution? APPS to the rescue! And the company that made it all possible is called boxonline. They have created 4 very simple apps you can install on your phone and use them faster than a “speeding bullet” to get all the answers to the questions I just gave you. They have even created an app for companies that buy and sell perishables. I have used their product for a couple of years now and can tell you these are the most used icons on my phone. No more complicated excel sheets, or calls to the accountant. Amazing! Next time someone gives you a question about your numbers the answers are on the palm of your hand. You can download the app by clicking on the picture below.
