For many years now, I’ve spent a fair amount of time in local school sixth forms (helping to run this). One thing that surprises me about schools today is how few of them teach economics. While it’s true that you don’t need an economics degree to run a business, some of the theory will… Continue reading Important Economics Concepts Every Businessman Should Know, Number 2: Supply and Demand
Category: Blog
My favourite accountancy joke
A man starts work as financial controller at a big company. It’s a good job. The pay is good, his boss (the Finance Director) likes him and the people who work for him do their jobs well. A few years later, it’s time for the FD to retire. The financial controller applies for the FD’s… Continue reading My favourite accountancy joke
Opportunity Cost, Part Three of Three – Why This Matters In Business
This is the third in a series of articles on Opportunity Cost and why it matters in business. Part One Part Two Opportunity cost is one of the most important concepts in all of economics. If you understand it, you can start to see the world in a slightly different way. It’s also one… Continue reading Opportunity Cost, Part Three of Three – Why This Matters In Business
Opportunity Cost Part Two
If you didn’t see the first post on opportunity cost, you need to read that first. It is here. For those of you who have read that post, let’s continue… If you remember, in part 1 of this article, I asked you to consider this scenario: You’ve just won a ticket to see… Continue reading Opportunity Cost Part Two
Important Economics Concepts Every Businessman Should Know, Number 1: Opportunity Cost
Let’s say you pay your office cleaners £20 to clean the office each night. You could actually clean the entire office yourself and you wouldn’t have to pay anyone £20, just a few quid on cleaning consumables, dusters etc. Now you know that the reason you don’t is because it would take you a couple of hours to do… Continue reading Important Economics Concepts Every Businessman Should Know, Number 1: Opportunity Cost
Do you want a Concorde website or a 747 website?
This BBC website article annoyed me when I saw it a while back. Or at least, not the article so much but the examples of “good design” in the accompanying photographs. So that’s a bunch of ugly, hard, uncomfortable plastic chairs and a stupidly expensive, noisy and uncomfortable plane. Is this really “good design”?
Friends don’t let friends use Internet Explorer 6
IE6 is 10 years old. TEN! And it was never very good. If YOU or any of your family or friends are using IE6, please consider using software that isn’t approaching puberty? It’s safer! It’s better! It’s all round the Right Thing to Do! I have someone reporting a site not displaying quite right… Continue reading Friends don’t let friends use Internet Explorer 6