A capitalist owns the means of production. He/she extracts value by combining different resources to create something useful. Her returns are in direct proportion to
Category: Business
ACTION FAKING
Action faking is the illusion of progress by pretending to be very busy throughout the day. It is possible to be very busy but not
HOW TO DEVELOP A NEW PRODUCT
First step. Ideation. We needed a new product to diversify our product range. Our product range consisted of tomato sauces and ketchups and was mainly
BarrieRs to entry
Each enterprise or trade has certain barriers to entry. For instance you can’t just wake up and become a medical doctor. You have to spend
Will this work?
Many businesses try and test out different tactics to gauge which works best. For instance different versions of a Facebook advert maybe shown to different audiences. The
Profits are better than wages.
“Profits are better than wages. Wages will make you a living, profits can make you a fortune.” – Jim Rohn. There is nothing wrong with
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