business
- Business
The Urgency of Writing a Good Business Proposal and How to Do It
In the business world, a proposal serves as a crucial document for communication between a company and external parties, such as investors, partners, or potential clients. A well-crafted business proposal can bridge the gap between potential projects and tangible results, laying the foundation for fruitful partnerships, investments, or collaborations. This article discusses why writing a good business proposal is essential,…
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Bombas Socks: How to Build a Billion-Dollar Business from Selling Socks
Who would have thought that socks, one of the most basic everyday products, could form the foundation of a billion-dollar company? Bombas Socks is proof that a simple product, when combined with innovation, superior quality, and a strong social mission, can achieve tremendous financial success. By integrating commercial success with social impact, Bombas has shown that doing good isn’t just…
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The Secret of Etiquette/Adab in Speech for Muslim Business Success!
What is Adab? Adab is an Arabic term that encompasses a broad range of meanings related to etiquette, manners, and moral conduct. In the context of Islamic teachings, adab can be understood as follows: Manners and Etiquette: Adab refers to the proper behavior, conduct, and manners that a Muslim should exhibit in various situations, whether in social interactions, religious practices,…
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Cost of Goods Sold (COGS): Important to Know Your Product Costs
Cost of Goods Sold (COGS) is a common term in accounting, especially in financial statements for businesses. COGS refers to the total cost incurred to produce goods or services sold by a company during a specific period. These costs include various elements directly contributing to the production of those goods or services. In this article, we will discuss the definition…
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OPEX and CAPEX: Two Distinct Costs in Business
In running a business, it is crucial to understand two major types of expenditures commonly found in financial reports: Capital Expenditure (CAPEX) and Operational Expenditure (OPEX). These two types of costs have distinct characteristics, functions, and accounting treatments, each impacting a company’s financial and strategic decisions differently. What is CAPEX? CAPEX, or Capital Expenditure, refers to expenses incurred by a…
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EBITDA: How to Understand Operational Profit
EBITDA is one of the essential financial indicators used to assess a company’s performance. This term is frequently used by financial analysts, investors, and management to understand how efficiently a company generates profits from its core operations. This article will discuss what EBITDA is, how to calculate it, why it is important, and some criticisms of its use. What is…
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Scrub Daddy: An Inspirational Story of a Simple Business
Scrub Daddy is a simple product that has become one of the greatest success stories in the history of the television show Shark Tank. The initial idea came from a daily need: a sponge that could clean various surfaces more effectively. Within a few years, Scrub Daddy managed to reshape the household cleaning product market in the United States and…
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Gross vs Net Profit: Understanding the Difference for Your Business
Running a business involves careful financial calculations, especially when it comes to calculating profit. Two terms that often come up in this context are gross profit and net profit. Understanding the difference between the two is crucial, as they can influence business decisions, pricing strategies, and the overall financial health of your business. This article will explain in detail the…
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Activity Ratios: Know How Your Business Performs
Activity ratios are important indicators used to measure a company’s operational efficiency in utilizing its assets to generate revenue. By understanding various types of activity ratios, businesses can assess how effectively they are using their resources, such as inventory, receivables, and fixed assets. This article will discuss several key activity ratios, along with examples, to provide a clearer understanding of…
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Artificial Intuition: The Future of Business Decision-Making
In the rapidly evolving digital landscape, businesses are constantly seeking innovative tools and approaches to stay competitive. While Artificial Intelligence (AI) has been a dominant force, a new concept is gaining traction: Artificial Intuition (AIu). Artificial intuition is distinct from traditional AI as it mimics human intuition, making fast decisions based on patterns and experiences without relying on complex logic…
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