Pages Tagged With: running a business
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Costs, Revenue and Profit
Costs, revenue and profit are basic but crucial parts of the financial analysis of a business and it is on the comparison of these three things that success is judged.
Costs:
Costs are described as fixed or variable.
Fixed costs:
Fixed costs are incurred and have to be paid regardless of the volume produced and sold. They are the [...]
Business Plans
‘Businesses don’t plan to fail, they fail to plan’ is an often cited quotation by Harvey MacKay.
Businesses that fail to plan are likely to be reactive, vulnerable to threats, closed to opportunities and work ‘blind’ with a short-term focus. Indeed creating a business plan is crucial to the success of an organisation.
A business [...]
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