Today on TV you can often hear the phrase: “You need to live within our means!” In other words, you can’t spend more than you earn. This phrase is uttered by the heads of state and the “heads” of regions, referring to the revenue and expenditure items of state budgets. The same thing in business: expenses should not exceed revenues! And the “Rule of Five Wallets” helps us throughout the life of our enterprise to properly and rationally manage investment and operating expenses. How? Let’s get it right.
numbering-small.pngToday and tomorrow
We have already spoken with you that the “Rule of Five Wallets” does not divide expenses into fixed and variable, but into the following: Continue reading