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Economics 101: If Water Flows Downhill, Then Why Fight It?

Economics 101: If Water Flows Downhill, Then Why Fight It?

You’ll get the importance of this in a moment. Hang in there. Substitute the word “money” for “water” and we have an explanation for most all the reasons why successful products move from concept through early adopters through mass market. How money flows through the system Money flows to the cheapest effective solution to a […]

The post Economics 101: If Water Flows Downhill, Then Why Fight It? appeared first on SmallBizClub.

How much is that one additional unit worth?

Most college econ courses teach marginal economics.  So, not to scare those who didn’t take econ, here is a simple explanation. Let’s use break-even as our test Let’s say that your company is exactly at breakeven. Here’s the importance of that event and how it affects every productive move you make after that moment. There is amazing […]

The post How much is that one additional unit worth? appeared first on SmallBizClub.

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