If you’re not keeping track of the landed cost of your imported goods, then chances are you are pricing your products incorrectly and losing out on profits. This article will walk you through the basic landed cost principles you need to know in order to help your business grow.
Read more3 Things You Should Do After Becoming A Registered Manufacturer
So, you’ve taken the bold step to become a registered manufacturer—kudos to you. The world is now your oyster as you are no longer limited to the standard, cost-driven raw materials available locally but instead can expand your repertoire to include low cost, high-quality inputs sourced on the international market.
Not only will this move translate to a multitude of cost saving opportunities and hence positively impact your bottom line, but exemption from the payment of import duty on equipment and materials used in your manufacturing processes will also give your end products a competitive advantage.
Dear we say, you are well on your way to dominating your market space. Here are three tips to get you going.
Read moreHow a Barbadian Small Business Owner Doubled His Profits by Becoming a Registered Manufacturer
Seon McKend is owner of the woodworking business, McKend Enterprise. This article outlines why Seon made the decision to register as a manufacturer, his experience during the registration process and how his resultant manufacturing concession allowed him to grow his business.
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