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Discover the secret to maximizing your financial success: unraveling the battle between revenue and profit!
Every Business owner strives to maximize their company’s profits. Revenue and profit are both terms used in business accounting, but they represent different things. Revenue is the amount of money a company earns from its sales of goods or services. Revenue is the income earned before any expenses or costs are subtracted. Profit is the…
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Spend Management Principles and Strategies
One of the most important aspects of running a successful business is managing the money that comes in and goes out. That’s where spend management comes in. Spend management refers to the process of controlling and optimizing costs across all aspects of a business, from procurement and supplier relationships to employee expenses and more. In…
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Things To Do If A Recession Happens
Amidst the current economic state, characterized by the highest inflation rate in a decade and concerns of a prolonged recession, corporate CEOs are engaging in discussions regarding the potential occurrence of a recession. Typically defined as an economic downturn lasting at least six months, a recession is a matter of significant consideration for business leaders.…
