Michael Gerber said it best in his book, E-Myth Mastery, “there is nothing in the creation and operation of a company that so seemingly conspires to confuse, intimidate, overwhelm, complicate, rationalize, and metastasize the plain ignorance of the average business guy, or woman, then money” (172). But why is that so? It’s because as humans,
Growing up, I constantly heard the old adage, “money doesn’t grow on trees.” It’s meant to warn people that there is only a limited amount of money available to put to use. It’s easy to fall victim to the notion that any problem can be solved if you spend enough money on it. But, what happens when
There’s never a good time to make a mistake. However, errors during times of distress can be especially crippling. As we enter month 17 of the oil crisis, even minor missteps can have devastating consequences. To help you stay vigilant, we’ve detailed some common mistakes in troubled times that organizations make and how to avoid them. Mistakes in Troubled Times Changing
See Also: Return on Equity Analysis Required Rate of Return Return on Asset Analysis Financial Ratios Weighted Average Cost of Capital (WACC) Return on Capital Employed (ROCE) Return on Invested Capital (ROIC) Definition The return on invested capital is the percentage amount that a company is making for every percentage point over the [Cost of
See Also: Economic Indicators Balance of Payments Stagflation The Feds Beige Book What are the Twin Deficits? Supply and Demand Elasticity Supply and demand elasticity is a concept in economics that describes the relationship between increases and decreases in price and increases and decreases in supply and/or demand. We have described it in greater detail
See Also: Asset Market Value vs Asset Book Value Efficient Market Theory Market Positioning Marking-to-Market Business Cycle Market Segmentation Brand Equity Market Dynamics Definition Market dynamics, defined as the factors which effect the supply and demand of products in a market, are as important to economics as they are to practical business application. Many economists
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