Cash is king. You probably heard that one before, and for companies, it does hold some truth. Cash is the amount of money a company has at hand. It is used to acquire material, buy services, pay salaries and all other things needed to operate a business. That’s why running out of cash can be… Continue reading The cashflow statement, explained
Whether you are an entrepreneur or you have been working in an organization, you probably have had to operate in the face of uncertainty. Uncertainty is everywhere There is uncertainty in the political and economic system, there is also uncertainty related to climate change, and there is uncertainty related to your industry, your competitors, and… Continue reading Learning business resilience with a game
In our previous article, we wrote about the potential of using business finance as a common language in organizations. We explored how this common language helps organizations set a direction that is measurable, understood, and applicable by all stakeholders – which in turn fosters more relevant decisions and stability across the company. The business finance… Continue reading How to play Fundamentals of Finance
For the untrained eye, business finance may look too theoretical and far away from business reality. Some will say business is about consumers, about the product design, about the marketing strategy, you name it. None of which is (fully) wrong. But when the role of business finance is understood, the following realization takes place: business… Continue reading Business finance: the common language for success
Participants will experience the real dynamics of competition, when in a red ocean, having to face some tradeoffs between cost and value, and the dynamics of a blue ocean, where buyers’ value generates new demand. Find out how.