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What is EBITDA, and how do you calculate it?

The accounting technique EBITDA — earnings before interest, taxes, depreciation and amortization — is an important standard measure of profitability. What makes EBITDA valuable is that unlike standard net income calculations that use a simple formula of revenue minus expenses, EBITDA factors in other expenses, like taxes and interest. EBITDA allows analysts to generate useful…

Why do I need a business plan?

You need a business plan to help you avoid big mistakes. The last thing you want to do is work on your start-up for a year, only to realize you were doomed to fail from the start. Many founders learn the hard way that they didn’t set aside enough capital to reach their goals, took…

Starting your own company

Last night I caught a new episode of Shark Tank, which I believe to be the first episode I‘ve seen with an actual start-up company on the show. Well, they got massacred by four of the panelists. The basic comments were: Don’t come on the show telling us that you are worth this much with…

businessman and words

So you have a great idea, a new way of doing business, perhaps a new product, or a new discovery, and now you need to articulate this idea and get it on paper. So what do you do? Writing a business concept is like creating a cover letter, like the type you would include with…