Business managers are under constant pressure to improve profit performance. Before going into profit improvement analysis, I have a hypothetical question for you. Suppose that you could have one or the other but not both: As a business manager, what... 

What’s the first thing that comes to mind when I say cost control? I bet you think of cutting costs, don’t you? Well, it may come as a surprise, but slashing costs is not the main theme of this post. Cost control is just one element in the larger... 

An overall business plan should include a definite profit plan based on realistic numbers for revenue and expenses. Entrepreneurs generally are strong on vision but not as strong on numbers. In launching a new business venture, you should make sure your...