Category: Business
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Importance of Psychology in Business
Recently I have been reading about the impact of psychology on business. I am amazed at the effect it has on business and how critical it is to know. In this essay I shall write about the basics of our human mind and what influences it to do what it does. If you have read…
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Usefulness of “Return on Investment”.
What is ROI? Return on Investment (ROI) is a crucial metric that businesses use to evaluate the financial profitability of an investment. It measures the gain or loss generated relative to the amount of money invested. In this blog post, we will explore the concept of ROI, its importance in decision-making, and strategies for maximizing…
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The Growth of the Chola Empire: A Remarkable Journey of Power and Influence
Who were the Cholas? The Cholas were an ancient South Indian dynasty that ruled between the 9th and 12th centuries AD. They were known for their military prowess, cultural achievements, and for their conquests of large swaths of land in the south of India. The Chola Empire was one of the most powerful and influential…
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Amortization simplified into 300 words
‘What is Amortization? Firstly, what is amortization? Amortization is the process of distributing the cost of an investment over time. Essentially, it involves calculating how much you spend on an investment annually and measuring the revenue generated by that investment within the same period. Let’s consider a simple example. Imagine you own a plushie company…
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Lifetime Value and CAC
What are Lifetime Value and Customer Acquisition Cost? Let’s begin by examining Lifetime Value. What is Lifetime Value? Lifetime Value is the total value of a customer over the lifetime of their relationship with your company. The more they purchase from you, and the longer they stay with you, the higher the Lifetime Value, the more…
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How Business Takes Advantage of Scarcity
What is scarcity? Well the dictionary definition of scarcity is pretty simple, “The state of being scarce or in short supply; shortage.” So now what happens if something is in short supply and there is substantial demand? People will be encouraged to buy as quickly as possible which is profitable for the company that makes…
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The 3 Core Financial Statements you need to know.
In finance there are three critical statements that will help you see if your company or other companies’ performance in finance. Here they are: Before I show you what these statements mean, I would like to point out that these statements are used to lay all the things you are doing on the table and…
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The best business plan for startups in 600 words.
What is a lean canvas? Lean Canvas is an easy way to plan your business on one page, or on one canvas. Which is why it is called Lean Canvas. Lean Canvas is an adaptation of the business model. The Lean Canvas is a one-canvas business plan. It consists of nine blocks to be filled…
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The Ottoman Empire in WW1
The Ottomans were in my opinion a great opponent to the Allies in WW1. But how did it all come to be and what battles were fought? Find out in this blog post! Enjoy reading. Why did the Ottomans join the Central Powers? The Ottomans were friends with most European super-powers at time. They had…
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The Three A’s of a Revenue Stream
The Three A’s There are three A’s which feed into the Value Stream. Today I will discuss the three A’s and how you can apply them in your life. These three A’s talk about the work you do and the results/revenue you get from them. Active If you are active in your business, you are…