One Minute Assessment: Cost & Revenue
April 28th, 2009
One Minute Assessment: Cost & Revenue
It’s time for the IRS. How prepared are you? How much time have you spent on presenting the best of all declarations with the most of possible deductions? How much time did it take you? акустические системы Ruark And the next question is: is your propensity to focus on cost higher than that on светофильтры Canon focusing on revenues.
With the IRS you have only one choice (to cut your costs), but in business you are to address both of them; profits are Газовые плиты ЗВИ calculated by revenues minus costs.
In investments you can rental property locator software be tempted to sell the stocks that have been outperforming (take your profit)
and let the losses continue to grow. Professionals are acting the other way around; they cut their losses and let their автомобильные сигнализации profits grow.
Yet a loss is not perceived as income properties in san bernardino county a cost, because факс Brother in investments, you are dealing with portfolio value. And value changes are perceived differently. An increasing portfolio value is perceived as a profit, but a decrease in value is not perceived as a loss. That is why many private investors (according to the professionals) are less active and control their portfolio less when the market is going down.
In business you can focus on both cost thiensville dui attorney and revenue. There are time periods where revenue is most popular (during the days of the new economy) and these are followed with periods where the focus is all set on costs (we’re back down to earth).
A day has only twenty four hours. brazil recreational vehicle travel The time you spend on one (cost savings tactics) кухонный комбайн Zelmer cannot акустические системы Pioneer be spent on another (looking for more revenues). People sometimes forget this.
The profit equation is however still valid. You should focus on both, but normally one is preferred above the other.
Check this for yourself.
© 2005 Hans Bool
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