Operating a Business
Behind every great idea, there must be efficient execution.
The function of operating a business is a broad and wide stroke. In other words, “Operations” touches almost every single part of the rest of the business. From making sure you’re only spending what you need to garner the gross revenue goal you’re after, to ensuring logistics of employees, product, deliveries, and anything else that could impede the flow of business, is in this department. There are many different topics that someone focused on the Operations of the business should know and you will find many of them in this Operations garden of the Business Courtyard. Browse or search for various operational topics and concepts.
What is a Proforma? Understanding Projected Financial Statements for Business Planning
Learn what proforma financial statements are, how to create them, and why they're essential for business planning, forecasting, and decision-making.
What is Equity? Understanding Ownership and Value in Your Business
Learn what equity means in business, different types of equity, how to calculate it, and why equity is crucial for business ownership and growth.
What are MoM (Month over Month) Stats? Tracking Short-Term Business Performance
Learn what month-over-month statistics mean, how to calculate them, and why MoM comparisons are crucial for monitoring immediate business trends and performance.
What are YoY (Year Over Year) Stats? Understanding Annual Business Performance
Learn what year-over-year statistics mean, how to calculate them, and why YoY comparisons are essential for tracking business growth and performance.
Sales vs Marketing: Understanding the Key Differences for Business Success
Learn the crucial differences between sales and marketing, how they work together, and why both are essential for growing your business effectively.
What are KPIs (Key Performance Indicators)?
Key performance indicators are things you track, over a period of time, usually tied to a numeric value (such as monthly gross revenue), to then be able to make informed decisions about the business.
What is Gross Profit Margin? Calculate and Improve Your Business Profitability
Learn what gross profit margin is, how to calculate it, and use it to make better business decisions. Includes industry benchmarks and improvement tips.