John McCarthy, computer and cognitive scientist who coined the term “artificial intelligence” stated…”he who refuses to do arithmetic is doomed to talk nonsense.”
In the next few newsletters I hope to help you through some of the numbers of business. Recently I wrote about KPIs, Key Performance Indicators. Many of the KPIs in business take at least a basic understanding of a few mathematical concepts. In this article I’d like to introduce or reintroduce you to Ratio. Don’t run – stick with me – it will be painless, I promise, and if you need more help, just call for an appointment to work on the numbers for your business. Continue reading