Business 101 – Understanding the essence of economics of scale

For most startups, the goal of business practice is principally limited to generation of profit (and or revenues). Entrepreneurs ensure that the efficient utiliztion of resources is first on their to-do list. Therefore, they work towards proper co-ordination of their internal activities. Paying close attention to input-output ratio is a common exmaple of this practice. … Read more

Effective communication in business: 4 best-selling hacks

Since humans cannot continue to exist in a vacuum, it has become necessary to interact with others. Limitless wants and scarcity in satisfying-power are the mainstreams that call for these interactions. With the urge to solve everyday problems, networking with people on a regular basis gives answers to a number of uncertainties. Most importantly, business … Read more