#businessprimer

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4 years ago

A Competitive Edge Is Never Forever

Phil Friedman · CALL IT RESTING ON YOUR LAURELS OR SITTING ON YOUR BUTT, FAILURE TO KEEP ADAPTING EVENTUALLY ENDS IN BEING LEFT BEHIND ... · Competitive edge: the fact that a company has an advantage over its competitors ... · Cambridge English Dictionary · Having a "competitive edge" ― also ...

4 years ago

Net Profit vs Cash Flow

Phil Friedman · UNDERSTANDING THE DIFFERENCE BETWEEN PROFIT AND CASH-FLOW IS ESSENTIAL TO THE SUCCESSFUL OPERATION OF A SMALL BUSINESS... · Preface: This post is not intended as an instructional manual for accountants or bookkeepers, but rather as a conceptual guide for small-business operators ...

4 years ago

Learning From Mistakes

Phil Friedman · EXPERIENCE MAY BE THE BEST TEACHER, BUT IT DOESN'T HAVE TO BE YOUR EXPERIENCE   · In my consulting practice, I often explain to prospective clients that I can help them not because I am so brilliant, but because I've likely already made just about every mistake they might make g ...

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