How expensive is it to carry inventory? It may be your firm’s biggest use of cash- money that you can’t use for some other purpose. One of the biggest inventory issues is the Boeing 737 Max planes, which are currently grounded. What Happened The Wall Street Journal explains that the FAA […]
Is that luxury item you purchased the genuine article? If not, you’ve overpaid by a wide margin. That’s was the scandal at The Real Real, world’s largest online consumer marketplace for luxury items. The company website states that the firm “is the leader in authenticated luxury consignment. Every items we sell is 100% […]
Staying healthy isn’t easy–nor is it cheap. The average costs of healthcare in the country are almost double what it was 40 years ago. As such, there’s a huge financial impact with every accident that you might end up in. Whether it’s a car collision, a work-related injury, or even something that happened while […]
Building a successful company is hard work. So, when you do achieve your short-term goals, it’s vital that you take the right steps to ensure that the venture continues to hit its targets for many years. Protecting the business from threats and potential pitfalls is vital. Every entrepreneur appreciates the need to install […]
There are few places better in the world than home. It’s the place where you and your family can feel completely safe from the outside world. The place where you make memories and grow closer together through the time that you spend with each other. It can often feel as though you’re living in your […]
Founders need to balance their need to control with the ability to focus on tasks that grow the business. You can meet both objectives when you streamlining your business. Streamlining operations is a lot like cleaning out a closet. There’s less to look at, and the items that remain are the most important, […]
Why would two large companies decide to merge? In many cases, it has to do with huge changes in how both firms generate revenue and profits. As a business owner, you can use the cost-volume-profit (CVP) formula to make decisions about the direction of your business. As this great article explains, Charles Schwab […]