A business process is a set of specific actions, procedures, operations that are closely interconnected and repeat with a given...

1. Follow your passion and don't forget about it. Your business probably originates from what you truly love. But after a while, running...

Unique Selling Proposition is a famous 20th century marketing concept. Its use in advertising and business planning is an integral part...

Before moving on to the practical aspects of creating your own company using someone else's brand and reviewing options, let's understand...

By purchasing a franchise, the company gets the right to operate under the name of the seller and use its business technology (including...

In order to avoid staff turnover or suddenly find insufficiently competent employees in key positions of the company, several rules and...

For 70% of companies, it is human resources that are their main competitive advantage, but, nevertheless, the domestic labor market is...

On the one hand, the increased cost and production costs are a direct opportunity to free up funds for a complete replacement of...

What does the break-even point reflect Simply put, by calculating the break-even point, the level of production (services or sales) is...

The profitability of a business is a relative indicator of its economic efficiency, which is calculated according to a certain formula....

This concept provides for a rethinking of the company's activities at the global level, and the development of radical measures to...

Royalties are a special type of royalties, expressed in periodic compensation, and usually in monetary form. Payment goes for the right...

All financial organizations already at the initial stage of their development are faced with such a concept as the threshold of...

The rate of profit is an indicator defined as the percentage of profit for any period of the company's activity to the capital advanced...

Operating leverage or operating leverage is the mechanism by which a company's profit is managed. It is based on the optimization of...

This term, translated from English, literally means design, construction, arrangement of something, inventing, etc. If it is used in the...

The financial strength margin is an economic indicator that demonstrates the firm's resilience to production cuts. This value shows how...

Nowadays, practically in any market there is fierce competition, which does not allow you to do business just the way you want, but makes...

The first important tip is to make sure to regularly spend a certain portion of your income not on spending, but on savings and...

We are all very different, and moreover, unique. If we consider a person from the point of view of his finances, then we differ from each...