Basic of Business & Financial

Business and financial concepts are essential for anyone who wants to start or run a business. These concepts include revenue, cost of goods sold, gross profit, operating expenses, net profit, cash flow, assets, liabilities, equity, and financial statements. By understanding these concepts, businesses can ensure that they have enough money to cover their expenses, grow their business, and achieve their financial goals.

In addition to these concepts, there are four principles of business finance: income, savings, spending, and investing. By understanding and managing these principles, businesses can ensure that they are using their money wisely and that they are on track to achieve their financial goals.