Bemus Landscape experiences greater company-wide communication and holistic business understanding after completing an Income|Outcome Andromeda business simulation workshop. Bemus Landscape, Inc. began as one man’s venture in earning cash to pay for college in 1973. From humble beginnings mowing lawns … Read More
What’s worse than buying something, only to realize that you got ripped off? Not much. Now imagine that scenario on a large scale, such as overpaying for a business. That could be a significant problem. But how do you assess … Read More
Engaging Employees in Financial Success When all the weighted items in a tower sit on the top floor, the whole structure is bound to collapse. Business is no different. Think of the “weight” as business acumen, that valuable knowledge of … Read More
A while back, we interviewed Winnie Ouko, Director of Lattice Consulting and partner of Income|Outcome in Kenya. We spoke with Winnie about entrepreneurship in Africa, a topic we found so interesting that it deserves further exploration. Though overflowing with natural … Read More
If you were to sell off everything in your business at book value and pay off your debts, how much cash would you be left with? That’s shareholder equity. In other words, shareholder equity is the amount of the business … Read More
At its bare bones, “capital” is wealth. But as the definition is fleshed out, it becomes clear that not all kinds of capital are alike. Every employee needs to understand the basics of working capital to ensure they are equipped … Read More
Sarah Adeel has a sharp eye for design, but an even sharper mind for social enterprise. Born in Pakistan, she is a Fulbright scholar and architect who graduated from the Rhode Island School of Design. Following her study of design … Read More
Rick Wingo is the Director of Finance for Micron in Manassas, VA. Rick, who joined Micron in 2012, took some time to share with us his experiences as the leader of financial training for his company using the Income|Outcome simulation. … Read More
Recently there has been significant attention in the media devoted to the rise of entrepreneurship in East Africa. All over the world business leaders are beginning to realize that many African nations—including Tanzania, Burundi, Rwanda, Uganda, Sudan, Ethiopia, Eritrea, Djibouti, … Read More
In business, there are two kinds of costs: direct costs and indirect costs. What are Direct Costs? A direct cost is the cost of producing goods or services, including raw materials and labor. Direct costs are only reported once the … Read More