Business Acumen is the glue that holds your company together. It impacts more than financial results: it clarifies roles, it improves speed and accuracy of communication, it develops respect and morale. It is essential to financial success and for reaching … Read More
People have different learning styles. Not everyone thinks visually, although most people do. This is important for game developers like Andromeda Simulations to remember, because we specialize in the visual display of information. But we also have to pay attention … Read More
Written by Nikolai from Income|Outcome Developing strong business acumen and financial literacy in leadership candidates can be a challenge for any business. Identifying when those candidates are ready to be promoted to the next level is even harder. When talent … Read More
Andromeda Simulations International teaches business literacy workshop for free! We recently partnered with the Centre for Training and Innovation to run a business literacy workshop on Eleuthera. And this Income|Outcome workshop was provided pro bono, because the founders of Andromeda … Read More
Hacking Fredkin’s Paradox in Business Written by Nikolai from Income|Outcome “…a man, being just as hungry as thirsty, and placed in between food and drink, must necessarily remain where he is and starve to death.” –Aristotle, On the Heavens … Read More
Return on Sales, Asset Turnover, Return on Assets — We put these three together because they relate. Return on sales multiplied by asset turnover equals return on assets. These three ratios hang together as a triangle, but you must understand … 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
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