Types of Risk
This clip introduces the concept of business risk and risk management. It notes that business risks can generally be classified into four categories: property, market, employee, and customer.
Credit
This clip argues that, since a company's ability to collect its accounts receivable has a direct impact on its cash flow, it's important to establish clear guidelines for payment before extending credit to customers. The clip also looks at establish...
Pricing Goals
This clip talks about the importance of establishing pricing goals, noting that pricing shouldn't be determined solely on the basis of costs and desired profit margin, but as part of the overall marketing mix. Competitors' prices should also be take...
Financial Statements
Study the two most basic financial statements of any business -- the income statement and the balance sheet
Allocating Costs and Profits
The mathematics used to determine the profitability of a product or service by proper allocation of overhead costs.
Capital Budgeting
This clip focuses on capital budgeting, which is the process by which the long-term investment of available capital funds is planned.
Buying a Firm: Due Diligence
This clip explains that, while purchasing a business can be a great opportunity, there may be problems lurking beneath the surface. For any prospective buyer, it's a good idea to do a thorough analysis of the company's financial and legal records, i...
Buying a Firm or Starting Your Own
This clip explores the pros and cons of starting a business vs. buying an existing firm.
Risk and Insurance
This clip explores the different types of insurance available to help protect against risks and liability.
Hiring Employees
This clip provides an overview of the hiring process, from resumes and job applications to interviews and reference checking.