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. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
