Hey guys,
I've spent a lot of time getting decent at sales, networking, outsourcing and many other things that (I would hope) are going to help me on my entrepreneurial journey. One thing that I haven't spent much time on is understanding how to use and when to use business math. For instance, I recently learned how to determine your gross margin as opposed to a markup % and business valuation - which I didn't know how to do before.
My question is simply what type of math should I know If I want to be a successful business owner - math isn't very intuitive to me so any direction will help. Also, are there any resources out there that would be able to teach me exactly what I need to know? (websites, youtube channels, etc).
Thanks in advance!
I've spent a lot of time getting decent at sales, networking, outsourcing and many other things that (I would hope) are going to help me on my entrepreneurial journey. One thing that I haven't spent much time on is understanding how to use and when to use business math. For instance, I recently learned how to determine your gross margin as opposed to a markup % and business valuation - which I didn't know how to do before.
My question is simply what type of math should I know If I want to be a successful business owner - math isn't very intuitive to me so any direction will help. Also, are there any resources out there that would be able to teach me exactly what I need to know? (websites, youtube channels, etc).
Thanks in advance!
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today