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What are Gross Profit and Profit Margin?
One of the most important areas of a company's financial management is the calculation of gross profit. However, it is the most misunderstood and overlooked areas of business. It is the profit a company makes after deducting the costs associated with making and...
What are Expenses?
As part of OnlineAdvisor’s efforts to educate, inform and encourage business leaders, we present key financial terms and concepts. An important part of financial literacy for a business is the concept of expenses. What is an Expense? An expense is a cost a business...
What You Need to Know About Revenue
As part of OnlineAdvisor’s efforts to educate, inform and encourage business leaders, we present key financial terms and concepts. The concept of revenue is an important one. It may be one, however, that is very misleading. Let's get into the reasons why....
What is the Concept of Revenue?
As part of OnlineAdvisor’s efforts to educate, inform and encourage business leaders, we present key financial terms and concepts. Within the fundamental concepts of financial literacy and reporting is the concept of revenue. This topic is very important for every...
Coach’s Corner – Alignment
For a lot of people, there are months with a slower pace. It is the time for us to spend some time with family, to get a break from the hectic pace we might be maintaining, or to get some time to evaluate our current situation in particular areas. Above all, we need...
Dealing with the Toxic Customer
Years ago, there was a popular trend to implement these “rules” of customer service: The customer is always right. If the customer is wrong, see Rule #1. Frankly, both of these rules are wrong. Not only is the customer not always right, the customer is not always...
Marketing in Human Resources is Important
Someone will ask the question, "How do you tie in marketing in Human Resources?" That's a great question. Grab a cup of coffee and let me sell you why marketing and Human Resources are already together - and why you need to build on it. The first representative of...
Coach’s Corner: 5 Ways to Bond Your Team
If you lead a team, a critical point is how to bond your team in a better, closer way. Here are some ideas on how to bond your team together. Eat together. There is a reason that the experts in family studies strongly recommend that families eat together. There is a...
Crisis in the Organization: External Communications
As a leader in the organization, you're going to face crises. In this latest article, "Crisis in the Organization: External Communications," we'll cover some great tips on how to deal with communications in a crisis. External Communications is Important If you're...
Crisis in the Organization – Organizational Management
To be a great leader, you need to put a high priority on your organizational management. Most people are not very detailed-oriented, which is what we tend to think about when we think about being well-organized. However, if we focus on the right and best details of...
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