Introduction A SWOT analysis is a way of analyzing a business according to four different dimensions. Those dimensions are Strengths, Weaknesses, Opportunities, and Threats. This framework is often essential in the decision-making process. Strengths What advantages do the company have … Continue reading
Introduction A topic that many people are confused about is the difference between wealth and income. In short, wealth is what you have, income is how what you have is changing. What is Wealth? Your wealth is your cash, your real … Continue reading
Introduction At its core, both investing and speculating consists of taking a position on an equity. You think it will go down in price or you think it will go up in price. The difference is the reason they took … Continue reading
Definition of an Audit An examination of financial and non-financial information to determine if that information meets a set standard. Types of Audits Information Technology This is an examination of the Information Technology Infrastructure. It is a check to see … Continue reading
Definition of Accounting Accounting is the gathering, processing, and communication of financial information regarding business entities (companies, people, etc.). The people who do accounting are called accountants. There are many types of accounting. While all types of accounting involve gathering … Continue reading
Introduction Further elaborating on Porter’s Five Forces, I’ll define each of the forces in a separate post. Below I’ll define the Competitive Environment. Definition The definition is simply how competitive the industry is. This force is determined by things such … Continue reading
Introduction Further elaborating on Porter’s Five Forces, I’ll define each of the forces in a separate post. Below I’ll define the Bargaining Power of Suppliers. Definition The definition is simply how much power does a single supplier have. By supplier … Continue reading
Introduction Further elaborating on Porter’s Five Forces, I’ll define each of the forces in a separate post. Below I’ll define the Bargaining Power of Buyers. Definition The definition is simply how much power does a single buyer have. If an … Continue reading
Introduction Further elaborating on Porter’s Five Forces, I’ll define each of the forces in a separate post. I defined Barriers to Entry before, below I’ll define Threat of Substitutes. Definition For every industry, the sellers have to deal with the … Continue reading
Introduction Michael Porter was an academic business theorist who wrote on a wide variety of topics. One of the things that he wrote about during his very prolific career was his five forces model, which is one of the most … Continue reading