Small-business ownership can be a challenging and rewarding journey. From keeping track of finances and operations to overseeing employees and making critical decisions, the demands on a ...

The revenue-maximizing price is the cost at which a business will make the most revenue for a given item. In order to find the price that will maximize revenue, a business must either experiment with ...

Hiring the appropriate number of employees to sustain productivity and maximize profits is a tricky endeavor for any business owner. Even in ideal of circumstances, securing a high profit with high ...

Millions of Americans are suffering from an overwhelming dose of apathy and underachievement. Particularly in a time when leading companies are aggressively seeking confident young adults to transform ...

In 2006, Jeffrey Pfeffer and Robert I. Sutton noted in their 2006 Harvard Business Review article the emergence of evidence-based medicine and suggested that practice of management too could profit ...

When it comes to making decisions, I’m not what you’d call a numbers guy. Statistics rarely drive me. Feelings, intuition, and gut instinct do. Of course, a hard look at the numbers can influence my ...

Customer lifetime value (CLV or CLTV) is the most underappreciated B2C metric. "Underappreciated, you say? We measure customer lifetime value, and it's really important to us!" Sure it's a common ...

It is well documented that maximizers are less happy with their product-choices than are satisficers, but would this mean that maximizers use their products less? The authors conducted two studies and ...

There are many ways to be a minimalist. And each kind can add a lot of value to your life. You can be a “stuff minimalist” and try to get by with less stuff. You can be an “open loop minimalist” and ...

Imagine you are going to a restaurant for lunch and you see a specials board outside. Their special of the day looks good to you. Do you head in and order it or do you ask to see the rest of the menu ...