Everything you need to know about Business

Here is a summary of everything you need to know about business:

  1. Revenues minus Costs equals Profits.
  2. If an initiative does not affect revenues or costs then it is not a business initiative.
  3. If costs remain higher than revenues for an extended period, you have what is known as a Charity.
  4. 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.

Author: Conor Neill

Hi, I’m Conor Neill, an Entrepreneur and Teacher at IESE Business School. I speak about Moving People to Action. View all posts by Conor Neill