Business Innovation To Reinvent Your Business Model In Time Of Pandemic


Business innovation is about creating new opportunities for an organization to reinvent its core offerings, revenue streams, and enhance the value proposition for existing or new customers, thus renewing its whole business model. Business innovation springs by understanding the structure of the market, thus adapting or anticipating those changes. Business vs. technological innovation The primary … Continue reading Business Innovation To Reinvent Your Business Model In Time Of Pandemic

The Complete Guide To Growth Hacking


Growth hacking is a process of rapid experimentation, coupled with the understanding of the whole funnel, where marketing, product, data analysis, and engineering work together to achieve rapid growth. The growth hacking process goes through four key stages of analyzing, ideating, prioritizing, and testing.  It is critical to integrate growth hacking within your business model … Continue reading The Complete Guide To Growth Hacking

What Is A Financial Statement? Financial Statements In A Nutshell


Financial statements help companies assess several aspects of the business, from profitability (income statement) to how assets are sourced (balance sheet), and cash inflows and outflows (cash flow statement). Financial statements are also mandatory to companies for tax purposes. They are also used by managers to assess the performance of the business. Introduction To The … Continue reading What Is A Financial Statement? Financial Statements In A Nutshell

Crowding-Out Effect And Why It Matters


The crowding-out effect occurs when public sector spending reduces spending in the private sector. Breaking down the crowing out effect The crowding-out effect describes the way government spending reduces private spending. Public sector spending is accommodated by increasing taxes or the level of borrowing itself. This reduces available capital and decreases consumer confidence. In the … Continue reading Crowding-Out Effect And Why It Matters

Double Entry Accounting And Why It Matters In Business


Double-entry accounting is the foundation of modern financial accounting. It’s based on the accounting equation, where assets equal liabilities plus equity. That is the fundamental unit to build financial statements (balance sheet, income statement, and cash flow statement). The basic concept of double entry is that a single transaction, to be recorded, will hit two … Continue reading Double Entry Accounting And Why It Matters In Business

What Is The Feynman Technique And Why It Matters In Business


The Feynman Technique is a mental model and strategy for learning something new and committing it to memory. It is often used in exam preparation and for understanding difficult concepts. Physicist Richard Feynman elaborated this method, and it’s a powerful technique to explain anything. Understanding the Feynman technique The Feynman technique is named after Nobel … Continue reading What Is The Feynman Technique And Why It Matters In Business