artificial managers, artificial management, managers, artificial leadership, team management automation, artificial intelligence
I continue the example from the previous post about your potential business. How do you find out if the price is set correctly and how many books he needs to sell in a month to make this business profitable? First, you need to decide whether you will invest your money or borrow it from the bank. The cost of the loan over the next year and the sum of interest from the bank deposit can calculate from the formula: A
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In my last blog post, I presented a very simple example of a business – a language school – so that you can understand how to count the profitability of your business or, in a specific case, the profitability of a particular product. You are unlikely to run such a business, but in order to understand what is revenue, cost and profit, it is worth your while to read this text. Let me remind you of the premise. We run
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In the previous post, I showed you a method and formula on how to count whether it pays to produce or sell a product. Today I will show you how to use these formulas and how to count whether it pays to do business. Of course, this will be a simple example on one product, and in the next post I will show you an example on two products. You will see that this is not a simple issue, so
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