Business Articles

Business advice and tips. Using mathematics, statistics and financial calculators to improve data-driven decision making in a business context.

Getting Paid 45 an Hour is How Much a Year?

Being a gig worker — whether that means freelancing or consulting — used to be a rarity. In today’s economy, however, many people are choosing the freedom and convenience of freelancing because they prefer the perks of it to working in a traditional job. One of the biggest and most important questions to ask before […] Read More…

Also posted in Finance, Lifestyle, Money | Tagged , , , , | By Aimee Parrott Comments closed
how to get faster download speeds on three computer servers showing connectivity

How Long Will My Download Take?

Downloading content onto a phone, tablet, or laptop can be easy or frustrating depending upon several factors, many of which are out of the user’s control. Anybody who has had the experience of logging into a device to be met with a message about necessary updates and how long they’ll take knows that the wait […] Read More…

Also posted in Mathematics, Science | Tagged , | By Aimee Parrott Comments closed
computer showing break even analysis

What is the Assumption of Break Even Analysis?

Most of us know what “to break even” means. In the context of a company earning a profit, breaking even means you didn’t lose money, but you also didn’t earn. For some companies just starting out, breaking even isn’t so bad, especially if you’ve invested money to start the business, or you’ve recently put a […] Read More…

Also posted in Finance | Tagged , , | By Hana LaRock Comments closed
man writing charts on a white board

How to Choose Where to Invest Your Money Based on APY

Whether you’re currently a small business owner or you’re thinking about opening up your own business, at some point, you will need to make some important investments. These investments may be to help you get your business off the ground, or they could be to re-invest in your business to help it grow overtime. Additionally, […] Read More…

Also posted in Finance | Tagged , , , | By Hana LaRock Comments closed
the legs of three women in stylish clothing holding shopping bags

How to Use a Discount Calculator to Get More Customers

If you’re a business owner, then chances are you’re constantly thinking about ways to attract new customers and make more sales. Even if your business is thriving at the moment, you may be trying to move stock or make up for an earlier period in the year that was slow. Discounting your goods or services […] Read More…

Also posted in Mathematics, Money | Tagged , , | By Hana LaRock Comments closed
Man taking money out of wallet

What Does Net 15, Net 30, and Net 60 Mean?

Say you’re a full-time freelancer or you run your own business and you’ve just wrapped up a job for a client. You’ve sent off an invoice and are excited to finally get paid for your work. Then, their accounts department informs you that you’ll be paid in Net 15, Net 30, Net 60, or some […] Read More…

Also posted in Finance, Money | Tagged , , , | By Cindy Brzostowski Comments closed
two children excited in front of laptop

5 Things to Consider Before Starting a Business

Are you dreaming of starting your own business? Whether you have visions of a brick and mortar store or a company that operates entirely online, it’s important to take time beforehand to plan and crunch some numbers. That way you won’t get caught off guard—or be financially and mentally drained—by the unavoidable start-up costs. To […] Read More…

Also posted in Finance, Money | Tagged , , , | By Cindy Brzostowski Comments closed
Six Sigma Process Quality Control

What is Six Sigma Process Control and Why Most Get It Wrong (1.5 Sigma Shift)

What is Six Sigma? Six Sigma, commonly written as 6σ, is a set of techniques for process improvement originally developed for industrial manufacturing by engineer Bill Smith at Motorola in the 1980-s. A central part of the six sigma tools are procedures for statistical process control: ensuring production meets particular quality standards which result in […] Read More…

Posted in Business | Tagged , , , , , , | By Georgi Georgiev Comments closed
Workplace meeting productivity

This is How Employers Can Improve Labor Productivity

The popular phrase “time is money” says it all: Time management is key when running a business. As an employer, you don’t want your employees to waste their time, because that in effect means they’re wasting your time and resources. To ensure that your team’s time is being managed well and that your business is […] Read More…

Also posted in Career, Money, Wellness | Tagged , , , , | By Cindy Brzostowski Comments closed