Business and Economic Concepts and Principles
Understanding basic business and economic concepts and principles are of great value when starting a business. Below are several of the concepts and principles commonly used in creating a successful value-added business.
Business and Economic Concepts and Principles

- Barriers to Entry and Exit
- Breakeven Selling Price
- Breakeven Sales Volume
- Commodities vs. Differentiated Products
- Demand
- Economies of Scale
- Economies of Scope
- Elasticity of Demand
- Experience Curve
- Managerial Costs
- Opportunity Costs
- Product Life Cycle
- Understanding Progressive Tax Rates
- Cash Flow and Profitability are Not the Same
Financial Concepts and Principles
- Understanding the Components of an Interest Rate
- Types of Term Loan Payment Schedules
- Financing Stages for Start-up Businesses
- Types and Sources of Funding
- Loan Analysis - Workshop Problems
- Loan Analysis - Workshop Answers
Capital Budgeting
- Understanding the Time Value of Money
- Basics of Capital Budgeting
- Constructing a Capital Budget
- Capital Budgeting and Decision Making
- Creating a Return/Risk Profile for an Equity Investment
- Capital Budgeting and Investment Analysis - Workshop Problems
- Capital Budgeting and Investment Analysis - Workshop Answers
