501: Setting Business Standards

page 131 great game of business

You can only make money in business by being the least-cost producer or by having something no one else has!

– Multiple business books

  1.  know your critical number
  2. build a standard cost system
  3. look at the reality behind the numbers
  4. calculate your batting average
  5. Find sources that can help you develop standards
  6. look for the profit in problems

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