
I’m still surprised by the number of people who don’t really understand profit.
How much money does it make? £10,000. Really?
When you are told something makes a certain amount of money, question it. Something that ‘makes’ £10,000 according to one person may well be losing £10,000 according to another.
People will often quote you the Gross Revenue – this isn’t even a gross profit figure, it’s just the total amount of revenue made by something.
All you should ask to know is the Net Income – this is the gross profit minus all the expenses and taxes incurred to generate the revenue.
I am not an accountant but as far as I am aware the only reason gross figures are generated are to deduct costs from. Gross numbers are not the result of an equation they are part of an equation, which results in a net figure.
Always ask if the number you are given is net income, it’s the only number that really matters.
More information on Quora
It’s Sunday night and I am getting myself in order for the week ahead. The dishwasher is on and some bread is baking. How domesticated, mum would be proud.
If their environment changes colour certain species of Flounder change colour with it. They adapt and blend in with the background so their predators can’t see them, but they are most certainly still there.
At the start of a New Year it is natural to set one’s self targets to achieve but the way we set a path to our goals is the key to making them a reality.
Motivation as defined by the Oxford English Dictionary is the reason behind one’s actions or behaviour and secondly as enthusiasm.