Question

what is thw formula of business​

Answer 1

Answer:

1. Develop an understanding of customer value.

What's the value equation from the customer perspective? This is defined, most simply, as benefit minus cost. Many businesses and entrepreneurs simply don't understand what would make a customer happier or better off. Often they are trying to fit their product to the customer rather than identify what product would fit the customer

2. Create a better product or solution for a specific customer.

Because each customer is different, identifying the specific customer or segment you are targeting is critical. Attempting to be all things to all people typically results in an indistinct product that benefits no one.

3. Determine how to scale the product from one customer to many customers.

Once you've mastered the value equation for one customer, you can focus on finding many customers that think and act alike. Most management teams try to scale the business before they've created a valuable product with one customer. It's similar to launching a rocket to the moon without mastering the aerodynamics. It might have the power to get there, but it's not going to make it.

4. Develop a business model that allows you to build scale while generating incremental return on investment.  

In the end, you'll need to build a business case for investing capital to grow the business. If the customer value equation is still in flux, no amount of growth capital will fix the problem. We like Alex Osterwalder's business model canvas as a template for building a solid business model. But, it's important to calculate how the investment will create a return on capital.

Answer 2

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• Net Income = Revenue – Expenses.
• Net Income = Revenue – Expenses.Assets = Liabilities + Equity.
• Net Income = Revenue – Expenses.Assets = Liabilities + Equity.Equity = Assets – Liabilities.
• Net Income = Revenue – Expenses.Assets = Liabilities + Equity.Equity = Assets – Liabilities.COGS = Beginning Inventory + Purchases During the Period – Ending Inventory.
• Net Income = Revenue – Expenses.Assets = Liabilities + Equity.Equity = Assets – Liabilities.COGS = Beginning Inventory + Purchases During the Period – Ending Inventory.Break-even Point = Fixed Costs / (Sales Price Per Unit – Variable Costs Per Unit)