Here is a summary of everything you need to know about business:
- Revenues minus Costs equals Profits.
- If an initiative does not affect revenues or costs then it is not a business initiative.
- If costs remain higher than revenues for an extended period, you have what is known as a Charity.
- If you don’t understand somebody it is probably because they don’t understand it either. Do not be fooled by big titles or expensive suits.
What are your thoughts?