Jasz
VIP Contributor
As a business, you're going to have to make some tough decisions. How do you weigh the cost of hiring a new employee against the cost of paying overtime? How do you measure the impact of a new product against the risk of alienating your consumer base? How do you balance the need for change against the need for continuity? How do you assess the value of an investment against your available cash flow? How do you consider the welfare of your employees against the profitability of your company? All businesses must face these questions and more, and finding a reasonable balance between all interests is essential for success. Most often, this is done by examining profit and loss statements, calculating return on investment, and examining contrasting options. The exact methods vary from industry to industry, but they are always an important part of running a successful business.
