As a business owner, you have probably wondered why your income sometimes says you make more money than you have in the bank. There are many reasons why business profits don't equal cash and I will be discussing a few of them.
Operations
This is cash received from or used in the business main operations. A well run business main source of cash will be from operations. In running your
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Competitive analysis: Understanding Costs and Profits
When doing competitive analysis, it is important to properly align cost with the predominant method used in your industry or you fail to compare apples to apples. The main goal of classifying costs is to determine the total cost attributable to one unit of product or service. When doing competitive analysis, you need to understand your costs for various reasons such as:
Understanding how you compare to your competitors. If
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