Business, Entrepreneurship and Investing

MARGINS ▪︎ ( Real numbers and formulas) _ There are certain types of margins and on these read I will be able to only cover the first five. So stay tuned for the next read for the other five ... Let's get started 💪 : ~Understanding margins is one of the most important skills in running a business. --~Margins tell you where money is created, where it leaks, and how efficiently you use resources like time and energy. ~Below are the real formulas used in business, from basic profit margins to operational and efficiency margins. 1. Gross Profit Margin GPM (Product Profitability) -This shows how profitable your product is before operating costs. Formula: GPM  =  Revenue - cost of goods sold × 100%                               Revenue  Example: Revenue = 100 KSh Cost to produce = 60 KSh   [(100-60)×100]÷100 =40% Gross Margin = 40% ☆ This means 40% of revenue remains to cover operations and profit....

How to build and run a successful and profitable business:  The system most owners ignore, - Many people start businesses with a simple goal:             》make money and grow. But running a successful business is not about working harder , selling more, or even having the best idea . Success in business usually comes down to something much less exciting but far more powerful:     》♡building systems that consistently produce results. - A business becomes successful when it stops depending on _luck , _mood , or _daily improvisation. Success in Business Is Not Random When people look at successful businesses, they often assume success came from: a 》great product, 》good timing, 》strong marketing, 》natural talent, These factors can help. But they rarely sustain a business long term. The businesses that survive and grow share one common trait:        ¤ 》♡their operations are structured. They know: ¤》♤what works ¤》♤why it works ...

MICRO-SPECIALISATION IN BUSINESS: WHY DOING LESS MAKES YOU MORE MONEY. Many businesses try to grow by doing more.   ◇ More products.   ◇ More services.   ◇ More customers.   ◇ More markets. At first, this feels like expansion. But over time, it often creates confusion , inefficiency , and diluted value . The businesses that dominate markets rarely start by doing everything. They start by doing one thing extremely well .That your customers know you for a specific choice thats defining your real value and market gap. This is the principle of micro-specialisation. The Problem With Being “Everything”. When a business tries to serve everyone, three things usually happen;     -》The brand becomes unclear     -》Operations become complex     -》 The value proposition becomes weak and your UVP(unique value proposition is your only edge) Customers struggle to understand what the  business truly stands for. A general business says: “We do many t...