Chapter 20

(Almost) Ten Secret Business Formulas

IN THIS CHAPTER

check Finding the most expensive money you can borrow in two ways

check Figuring out how to break even

check Finding out whether you’re growing too fast

check Using two different formulas to answer those what-if scenarios

check Letting Isaac Newton decide your ordering schedule

check Following the Rule of 72

Ihave some good news and some bad news. The good news is that you can use some powerful formulas to better your chances of business success and increase your profits. No, I’m not joking. These formulas do exist. You can and should use them. In the pages that follow, I explain the formulas and how to use them.

Now for the bad news: To use these formulas, you need to feel comfortable with a bit of arithmetic. You don’t need to be a serious mathematician or anything, but you do need to feel comfortable using percentages and calculators. By the way, you ...

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