A heartbreaking story about time and money.
Berkonomics
OCTOBER 5, 2023
First, think about your time as money! We’ll get to my heartbreak in a minute. But first… There is a relationship between time and money that is more complex than most managers think. Fixed overhead for salaries, rent, equipment leases and more make up the majority of the “burn rate” (monthly expenses) for most companies. Since this number is budgeted and pre-authorized, managers tend to focus upon other things such as sales, marketing and product development issues.
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