Interest rate is an important economic indicator that affects a variety of financial decisions. It is defined as the cost of borrowing money, and it can have a significant impact …
Interest Rates and What They Mean to Borrowers and Lenders. Read More »
Earnings Before Interest and Taxes (EBIT) is a measure of a company’s financial performance, calculated as total revenues minus total expenses excluding interest and taxes. It is an important financial …
“Profit is not the purpose of a business, but rather the test of its validity.”
Fixed Expense is an economic concept which refers to a cost or expenditure that remains constant over a period of time regardless of the volume of output or activity. This …
Invest three percent of your income in yourself (self-development) in order to guarantee your future.
Gross margin is an essential financial metric that all business owners and managers should understand. Gross margin represents the amount of revenue a company retains after deducting the cost of …
“It is not the economy that determines your income, it is your own personal development”
“When you know the impact of little expenses, you will realise that there is nothing little in this world.”
Equity capital is expensive. Every time you do a raise, you dilute.
Capital is that part of wealth which is devoted to obtaining further wealth.
“A budget is more than just a series of numbers on a page; it is an embodiment of our values.”
“When banks extend loans to their customers, they create money by crediting their customers’ accounts.”
Your greatest asset is your earning ability. Your greatest resource is your time.
Revenues should be increased not by increasing the tax rates on the individual but by building a bigger economy for everybody.
The profit system is simply a fair and just reward for effort, and it applies to every executive and every workman.
“Taxes are the lifeblood of government and no taxpayer should be permitted to escape the payment of his just share of the burden of contributing thereto.”
“We should remember that good fortune often happens when opportunity meets with preparation.”