One of the things you either learn in business school or in the school of hard knocks is that a business has two kinds of costs: fixed and variable. At least in the short run, that is true. In the long run, a fixed cost can become variable and a variable cost can become fixed. Fixed and Variable … [Read more...]
Small business hats
If you own or work in a small business you are probably going to wear many hats on any given business day. While at times this will be a frustrating part of the small business condition, I've come to realize it's where much of our true competitive advantage stems from. Here's is a list of the small … [Read more...]