Category: Business Finance

Opportunity Cost Decision Making
Business Finance, Money & Economics, Personal Finance

You Need to Know This Important Concept For Better Decision Making

When you opt for Cake against Ice-cream, you have sacrificed the experience of eating ice cream. When you opt for Watching TV over outing, you have sacrificed an enjoyable outing experience. Every day and in several matters, we choose one over the other choice. The choice we sacrifice in favour of the choice we make is the opportunity lost. This is why it is called Opportunity cost. This is … Continue reading You Need to Know This Important Concept For Better Decision Making

Sunil GandhiLeave a comment
Fatal Ignorance
Business Finance

Not Knowing Financial Ratios Can be Fatal for Your Business

“The number one problem in today’s generation and the economy is the lack of financial literacy.” Alan Greenspan Alan Greenspan is not true for personal finance but he is also right for entrepreneurs. Entrepreneurs whose success is determined by financial performance many times do not understand the nitty-gritty of finance. According to a recent survey by the National Financial Educators Council Americans squandered $280 billion last year due to poor financial understanding,. … Continue reading Not Knowing Financial Ratios Can be Fatal for Your Business

Sunil GandhiLeave a comment