by Ubertutor
Why percentages matter
10:41 am in General by Ubertutor
An interesting piece in the business angel blog about percentages:
“This brings me on to one of the key points I have learned in business over the last few years. It is really crucial that Entrepreneurs understand percentages. That is the relationship between numbers. You need to see how a 1% fall in sales will affect your profit and hence your valuation (in the above case the relationship is 3 – a 1% fall in sales led to a 3% fall in profits). It is never straightforward.”
