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Profit and Cash Flow Explained

What's the difference between profit and cash flow? Often, it's the difference between success and bankruptcy. Before we begin, let's use clear language. I won't say "income" because different people mean different things by that word. I'll say "revenue" to mean money...

What’s the difference between marketing and sales?

Q: I often hear the term "sales and marketing." Aren't those the same thing? A: Not at all, though people confuse them all the time. In most businesses, marketing and sales are very different. Sales is when you're face-to-face with a customer, convincing a person to...