Workers Quit Jobs to Become Their Own Bosses But…

According to The Wall Street Journal,, “The pandemic has unleashed a historic burst in entrepreneurship and self-employment. Hundreds of thousands of Americans are striking out on their own as consultants, retailers and small-business owners.The move helps explain the ongoing shake-up in the world of work, with more people looking for flexibility, anxious about covid exposure,…

7 Things You Should Know About Investment And Making Money.

Those who make money and keep making it don’t pluck it from money trees. They understand the fact that idle money is like a stagnant pool of water that dries up when spendings are not matched to commensurate or excess volumes of inflow. Armed with this knowledge, rich people invest their money in ventures they…

Timing Differences Meaning, Example And Spreadsheet.

Often profits per the financial statements and profits on which tax is payable are quite different from each other. There are two reasons for this: The depreciation figure in the profit and loss account may be different by a wide margin from the tax authorities’ figure for ‘capital allowances’ (the way tax authorities’ calculate allowances…

How Do You Create and Sustain A Competitive Advantage?

In most industries, success can only be achieved by finding the strategy that gives and sustains a competitive advantage. That would require controlling and exploiting competitive forces of barriers to entry, threats from substitutes, bargaining power of suppliers, industry rivalry and bargaining power of buyers. These forces determine profitability by influencing pricing, investment requirements and…

Risk Management Technique: Advantages And Disadvantages Of Self-Insurance.

Individuals and businesses are familiar with the fact that risk and uncertainty are part of life. Techniques have been developed to manage risks associated with human existence. Risk management is the identification, assessment and economic control of risks that have the capacity to adversely affect assets and earning capacity of individuals and businesses. One of…

How Do You Calculate Service Cost (Service Costing)?

The calculation of the cost of a service with similar service centers or functions and cost units that are an appropriate measure of the service provided is a form of Activity Based Costing (ABC). ABC identifies activitiies which cause costs (known as cost drivers) and puts costs into cost pools. ABC attempts to overcome problems…

Robert F. Engle On Risk-Taking.

“There are some risks we choose to take because the benefits from taking them exceed the possible costs. Optimal behavior takes risks that are worthwhile. This is the central paradigm of finance: we must take risks to achieve rewards, but not all risks are equally rewarded.” 2. “The advantage of knowing about risks is that…

Why Is Successful Personal branding Necessary?

The answer to this question is the same as the answer to the question, ‘Why should you care about what people say about you as an entrepreneur?” You should because what people say about you and what they think of you influence the way they receive you and your business. In other words, they would…