Dr Maxwell Ampong takes us through knowing your ‘Run Rate’ as we explore the “Entrepreneur In You” on the Joynews Prime, Business Segment.
The ‘Run Rate’ calculation is pretty straightforward, yet essential to small businesses and business people.
For individuals, this helps you understand how long you can live on your #savings without additional #income.
For businesses, it translates to knowing how long you can operate before needing further #revenue or #investment.
Whether navigating the personal challenges of #budgeting and #saving or steering a #business towards growth and #profitability, the insights gained from understanding your #runrate are invaluable.
#JoyBusiness #Business #Entrepreneur #Entrepreneurship
The ‘Run Rate’ calculation is pretty straightforward, yet essential to small businesses and business people.
For individuals, this helps you understand how long you can live on your #savings without additional #income.
For businesses, it translates to knowing how long you can operate before needing further #revenue or #investment.
Whether navigating the personal challenges of #budgeting and #saving or steering a #business towards growth and #profitability, the insights gained from understanding your #runrate are invaluable.
#JoyBusiness #Business #Entrepreneur #Entrepreneurship
- Category
- Africa
- Tags
- Ghana Economic News, Ghana International News, Business
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