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Simple Numbers, Straight Talk, Big Profits! Greg Crabtree, Beverly Herzog | Min...
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Market-Based Wages For All
A high employee turnover rate is very expensive.
Fair does not mean equal. Two people are rarely worth the same amount of money.
Management by committee is an absolute failure as a business model. There has to be a clear leader even if the stock ownership is equal.
Profit: The Importance of Pretax Profit
Pretax Profit = Total Sales – (COGS + Operating Expense + Interest Expense)
Pretax profit is the profit you make after you take all your sales minus all your costs before you pay taxes.
Focus on your pretax profit. Interest, depreciation, and amortization are real numbers that you need to consider in the profit calculation.
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