What is opportunity cost and how does it affect the decision making process for business decisions? In most cases, opportunity costs reflect what a business owner misses out on when deciding between ...

A Delicate Balance: Labor Costs vs. Client Relationships Rising labor costs are another pressing concern for small and midsize construction companies, with nearly two-thirds (63%) of contractors ...

To that end, 20 Forbes Business Development Council members highlight some of the best practices for turning cost challenges into opportunities for sustainable growth. From leveraging technology to ...

A shocking number of entrepreneurs and business leaders can’t answer this one simple question: “How much do you spend to ...

A business uses this amount to budget its financial results ... In order to calculate labor costs correctly, federal, state, and local taxes must be included. What is the importance of labor cost ...