Business
8 Key Measures of Profitability In Business
The measures of profitability in business include various financial ratios and metrics that assess a company’s ability to generate earnings relative to its revenue, operating costs, balance sheet assets, or shareholders’ equity over time. Some common measures of profitability include: 1. Gross Profit Margin Gross profit margin is a financial ratio that measures the profitability […]
What is EBITDA and how does it affect valuation of a business ?
In this post I will do my very best to answer all our questions about EBITDA. What does ebitda stand for? EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization, it is a measure of a company’s overall financial performance, calculated by adding depreciation and amortization expenses to operating income. It is often used […]
Charlie Munger Books
Charlie Munger is a renowned investor, businessman, and philanthropist, best known for his role as the vice chairman of Berkshire Hathaway, the multinational conglomerate led by Warren Buffett. Munger is also a prolific writer and speaker, sharing his insights on investing, business, and life through various books and publications. One of the most popular books […]
Charlie Munger Mental Models
Some of the mental models discussed in Charlie Munger’s books include: 1. The Swiss Army Knife Approach: Munger’s mental model approach is likened to a Swiss Army knife, where each tool represents a different mental model. This approach emphasizes having a diversified set of mental models from various fields like mathematics, physics, economics, biology, and […]
How Burgernomics (Big Mac Index) works
“Burgernomics” refers to the use of the Economist’s Big Mac Index as a measure of purchasing power parity (PPP) across different countries. The term was first coined in 1986 when the Big Mac Index was published, and it uses the cost of a McDonald’s Big Mac as a price benchmark. The idea is to compare […]
What is Product Positioning: How to Get People Interested
In the world of marketing, there’s a clever trick called product positioning. It’s like shining a spotlight on what makes a product special to a certain group of people. This isn’t just about showing off; it’s about understanding what people want and like. This happens by studying the market a lot and talking to different […]
3 Ways To Deal With Competitions In Business
If you are just starting off in business or even if you have been around for some time, the issue of competitions in business is something that you can not escape from. However, the issue is not really having competitions but understanding and knowing how to handle them and still succeed in the business that […]
Crypto: You can now make deposits in Naira on Binance
The biggest crypto exchange in the world Binance has announced that it now allows Naira deposits on the platform.
How can I start a successful business ?
Starting a successful business is the wish and goal of many people out there, but unfortunately only a few people will ever take that leap to make it happen.
To start a successful business can be very tasking and sometimes it may even look somewhat impossible.
How to Start a Successful Print on Demand Business
In essence, for a product that is produced in this way, it is usually not available in-stock, meaning that there is no finished product waiting for customer to pick up.
How to Start a Successful Dropshipping Business.
Many people have made millions of dollars from this method alone while also many have lost their hard-earned money using this same business model.
What Is A High-Ticket Product? and How You Can Create One
Making more profit on a single sale will always be a winner versus selling many products to make the same amount of profit.
How to Start a Social Media Marketing Agency (SMMA)
Promoting on these social media platforms requires some kind of skills, time and understanding, something most people are not willing to get or do.
10 Businesses you can start with no Money
Over and over again, many blog posts and creators have debunked the idea that you need a huge amount of money to start a business. I have also decided to add to the mix of the various businesses you can start with no money. You must be familiar with the popular saying that “it takes […]
How to Write an Application Letter for a Job (incl. sample letter)
When it comes to applying for a job, a well-crafted application letter can make all the difference in securing your dream position. In order for you to follow along and have a clear understanding, we will use an exemplary position of a sales job in this post. In this concise guide, we will walk you […]