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Day: April 10, 2010

Business – what matters most!

All my businesses follow a model where it is split into 10 categories (opportunity, product, market, sales, operations, service, finance, legal, HR and other). The thinking comes from Michael Porters Value Chain framework. Today, I have started to look at this from a slightly different angel with respect to edocr.com. Financial Profit and Valuation Whilst a business should not be an accounting exercise, without a true picture of your finances, you have no business. I would argue, that the point of finances is to generate a profit and increase the valuation of your business. If we expand the profit further,…