Business improvement is a necessity because everything flows and changes. Once the most profitable business was agriculture. Then industry became the most profitable business. After industry, information technology has become the most profitable business, but its profitability will soon fall.
Improving business with a new methodology
In recent years, the creative business has started to get out of the lead. The product of creative business is the creative economy, and the representatives of this business are the creative class. The most money is now earned by businesses associated with creativity. This is due to the fact that we have entered the post – industrial economy, the main product of which is creativity. Continue reading
The goal of any businessman is to have a profitable business. In order to build such a business, you need to know what profit is inherently. Like everything is clear here-profit is a positive difference between income and costs of production or acquisition and sale of goods and services. Accordingly, if you want to make a profit, you need to increase this difference.
How to build a profitable business
But if you increase the difference, it may happen that no one will buy anything at all. Why? Because in reality, profit is the difference between the cost of producing or purchasing and marketing goods or services and the value of those goods and services. Continue reading