TRENDING NEWS

POPULAR NEWS

How To Best Increase Efficiency And Profitability In Your

How can I increase profits shoveling driveways?

I did that with a friend as well for a lot of years.Here’s how we did it:As the snow began to taper off we would go to the neighbors and set up the job so they knew someone would do the work. The schedule would be based on what we knew what we could do so the first job would be scheduled 1 hour after the snow stopped falling (regardless of the time of day or night), and work forward.Since we only had one snowblower, like you, the person with the shovel would begin clearing the steps and other areas not accessible by the blower and just go forward to start every job.Once the first 3 hours of appointments shoveling was complete we would swap shovel for snowblower and the one that shoveled would then start blowing and the shoveler would do the next 3 hours appointments.The last person at a particular house would collect the agreed-upon fee and move on.Doing this we could corner the market on shoveling, complete 12 to 15 jobs in 6 hours, and make $75 to $100 each… and this was in the 1970s!

How can an EPOS System increase efficiency in my business?

The five ways of an EPOS system increases efficiency in restaurant business.Split checks and seatsModify food ordersManage multiple bar tabsAccess tip sharing and team sharingAccurate orderingFor hospitality businesses including restaurants, hotels, and bars there are lots of advantages to having a EPOS system.Aloha by NFS is a point of sale software that is a complete restaurant management system, and benefits restaurants by helping them:streamline operationsgenerate revenuecontrol costs andimprove customer service.

What’s more important to a business, revenue or profits?

In the end, profits will be more important. This is simply because the main goal of a business is continuity, which can be achieved by making profits. A company that does not make a profit is less likely to continue business.Sometimes however, profits are not the main goal. In startups for example, initial starting costs can be a lot higher than the incoming cashflows. Companies like spotify have had a hard time making profits in the very early days, as well as many other companies. The reason the owners or the investors initially do not care is because it is not reasonable to expect profits. This can go on for a few years. The mere presence of a (expected) good level of reveneu might be the indication that the company will be profitable in the near future as the customer base grows and processes become more efficient. Ofcourse, the company is expected to be profitable in the end, but a good revenue soothes investors for the time being and gives hope for the future.

What needs to be done to make agriculture profitable for more farmers in India?

There are number of measures that can be applied which would not only be profitable to farmers but also boost India's growth in agricultural sector.Most important amongst them are:1- Genetic Engineered(GE) Farming.Indian population will keep on increasing till 2040. To sustain huge amount of population we need efficient technology which will increase the productivity of farm land.2- Technology penetrationApart from GE, new technologies should be adopted for crop assessment, pest detection, soil health, what to grow according to the climate etc.3- Connecting the farmers to the markets.Indian markets are heavily distorted. Farmers need to be connected to the markets through proper supply chain.This will increase farmers income as well as lower the inflation in agri products.4- Contract Farming.Under this , the land belongs to farmer except that choice of crop is under a contract.Though done in few areas, it needs a boost.5- Corporate FarmingPrivate player's participation can do wonders. It's a myth that this step would lead to greater marginalisation and exploitation of small and marginal farmers.6- Remove disguised employment.Disguised employment - More people working on same land against number of required people. This decreases productivity as well as more distribution of less income amongst the working farmers.

Normal profit is defined as..?

There are 3 types of profit. These are accounting profit, economic profit and normal profit.

Accounting profit are the revenues minus the explicit costs. These costs are directly related to the inputs of production and include the workers wages and cost of capital.

Economic profit (also called abnormal profit, supernormal profit, economic rent and excess profit) are the revenues minus explicit and implicit costs. Implicit costs are the opportunity costs of production. If you spend time creating your own firm and earn more money doing that than working for someone else, then you are making an economic profit.

Normal profit is when economic profit equals 0. This happens when revenues minus explicit and implicit costs are zero. In this case resources are being allocated to maximize efficiency as well as profit.

From these definitions, economic profit minus accounting profit equals opportunity costs. Likewise accounting profit minus economic profit equals minus opportunity costs.

The answer is c. Normal profit is defined as the level of profit necessary to cover implicit and explicit costs and this insures that opportunity costs are covered.

Which programming language is more profitable to learn for the web in 2019, PHP or Python?

Hey,If you are asking about the one which will be paid more then other one, then I would go with Python. Python has a huge importance in fields like Machine Learning, Artificial Intelligence and Data Science.PHP is, on the other hand a language mainly used on backend scripts. It can only be used there, and nothing else. But Python can be used almost everywhere, that's why people are nowadays switching over to Python rather than PHP.However, some people just hate Python. Hate Means, they just HATE IT! I used to actually hate it before but once I started learning it, I found it is more simpler than any other programming language. It is not the case, that I learned Python and am still using PHP. I have in fact, not coded anything since last 2 months, because all the problems can be solved with Python.Hence, some people will pay for programming in PHP, but others will Python. PHP, however won't die. Any major languages won't die for that matter, PHP will still be in the top 10 list till at least next 10 years. Most major hosting service providers, already allow support for PHP by default. It is mainly used problems language in the top 10 list.I'd rather suggest you to learn both. Both are easy to learn, and you can use both of them to code. PHP is easy to use on server as there is no special tool to be installed. Django however requires to be installed if not installed by default.Hope that helped.Suggestions for edits, for improving content are most welcomed!PHP:
echo "Happy PHP";

?>
Python:print("Happy Python")
Happy Coding, :)Please Upvote, Share and Follow!Thanks!

TRENDING NEWS