BUSINESS MATH

Business Math Topics

Mathematics Analysis In Business Courses Starts With A Good Understanding Of Algebra

- by Nathan Robinson

Dear College Students, Study Your Math!

Dear College Math Instructors, Choose the Best Mathematics Textbook!

Mathematics Analysis In Business Courses Starts With A Good Understanding Of Algebra

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As a retired franchisor, and a small business consultant, I am often amazed how some business people get by without understanding their math. By the time that they come to me for help, they are usually in debt, and don’t know what to do. Usually, their accounting and books are in shambles. They pay accountants to do their tax returns, and help them prepare financial documents for the bank, and if it were not for QuickBooks, they would be totally at a loss.

In any case, it certainly doesn’t take that much time to do a mathematical analysis of their business, to show them where they are having their problems, or where they are making mistakes in the decision-making process. It has occurred to me that one of the biggest problems with small …

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Business Math Example

Business Mathematics

- by Nathan Robinson

Business mathematics entail the interpretation and assessing of tables, graphs and charts, calculation of markups and discounts and solving problems related to percentage, proportion and ratio; ascertaining costs of unit, scaled costs for receipts, full costs; budgets; financing; costs evaluated against cash; credit; comprehending income, payroll taxes and deductions; investigation federal income tax annual reports; comparing different financial investment systems; knowing sales including taxes, utility, property and other additional taxes; assessments of insurance programs; knowledge of costs of manufacturing, and evaluation of the performance of a business.

Business Mathematics

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Must one be good in mathematics in order to pursue entrepreneurship? In a world where computers and software complete knowledge gaps in mathematics and pen-and-paper calculations, it barely seems necessary.

When are mathematics skills necessary?

Learning the general scheme is vital than knowing the basic calculations involved. The main aim is for one to possess a strong comprehension of mathematics concepts. …

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Business Math Example

Why Promoting With Branded Merchandise Works

- by Christopher Hogans

It can be difficult to come up with the best way to market your business to your clients and one of the most popular ways to do it is through promotional merchandise. Promotional merchandise for sale in Australia can include affordable items like mugs and pencils along with some other more expensive products. People like getting things for free and there are a lot of ways that giving out promotional merchandise can help to strengthen your business. 

Why Promoting With Branded Merchandise Works

They Reward Your Clients 

As a business owner, you appreciate every single one of your customers. While sales and other discounts can show your customers that they appreciate you, chances are that they will forget about it quickly. Promotional products help built your brand’s identity and can also build a relationship with your customer. When someone has an emotional response to a brand, they get passionate about it. This fact is kept …

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Fundamental Business Math

Financial Pitfalls That Small Businesses Fall Into

- by Nathan Robinson

Running a business is tough, and this is especially true for start-ups which may not have started making a profit. Many run into financial challenges due to poor financial management including securing capital, having to borrow money, inability to separate personal from business finances and managing the use of money amongst other issues.

The result is that many businesses close shop after a very short time.   This is why business owners should take financial management classes to make sure that they can understand the financial aspects of the business. Engaging the services of the best tax accounting firm Toronto can also help manage your tax issues to avoid falling into trouble with the tax man.

Financial Pitfalls That Small Businesses Fall Into

So what do you need to consider when dealing with business finances.

Cash reserves

Starting a business requires capital and equity. However, in the initial stages of the business, you will find that more money …

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Business Math Topics

Importance of Email Marketing to Small Businesses

- by Nathan Robinson

If you have not integrated email marketing into your digital marketing strategy, then you are missing out on highly qualified leads and new customers.

Importance of Email Marketing to Small Businesses

Everyone has and uses email. The use of email as a means of communication is not age-restrictive, and the best bit is that it works for millennials too. There is also the fact that the average person has a limited attention span of about 8 seconds when it comes to processing information. Email captures attention in less than those 8 seconds, so, it is the marketing strategy you should leverage.

The other benefits include:

The promise of high returns

As long as your products or services offer the value that your audience is looking for, the use of email to share details of your new products, a sale, newsletter, or a blog update goes a long way in capturing attention of interested customers who will, most …

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