Hello guys, Welcome to Africa's Largest Video Search Engine, and you are watching WHAT ARE OPERATING EXPENSES? (EASIEST EXPLANATION) Straight to the Point #STTP #263. and this video is uploaded by The Russian Dude at 2021-03-27T15:00:09-07:00. We are just promoting this video only for entertainment and educational purpose only. I hop you like our Video Search Engine. [jgf1WwVWM_g]
| Name | WHAT ARE OPERATING EXPENSES? (EASIEST EXPLANATION) Straight to the Point #STTP #263 |
| Video Uploader | Video From The Russian Dude |
| Upload Date | This Video Uploaded At 27-03-2021 22:00:09 |
| Video Discription | In around two minutes you will know what are Operating Expenses. You will get both professional definition and easy explanation. No intro, no outro, straight to the point. ► My 212 Companies Watchlist: https://bit.ly/3cbWL3f ► Get $10 for Opening an Account with Wealthsimple: https://bit.ly/3kzztaD ► Get $25 from Newton (Canada): https://web.newton.co/r/BP8LC6 ► Get $10 in Bitcoin from BlockFi: https://blockfi.com/?ref=ebccda0d ► Get $30 from Shakepay (Canada): https://shakepay.me/r/WZKPBC3 ► Get $20 from Bitbuy: https://bitbuy.ca/sign-up?c=BSLU3WEQE ► Get $10 from Coinbase: https://www.coinbase.com/join/dikare_1 ► Open Binance Account: https://www.binance.com/en/register?ref=U4JK2CR3 ► Download my FREE eBook about Investments: https://bit.ly/2FL2UHI ► Follow Me On Instagram: https://www.instagram.com/artemdkrv/ Operating Expenses are expenses that are directly related to your core business’ activities. Operating expenses are recorded on the income statement. And if you are not sure what income statement means, feel free to watch one of my previous videos. Salaries for your employees, payments to your suppliers, rent, utilities, and marketing, all these are operating expenses. As you might have guessed, these are the expenses that you absolutely have to incur, if you are planning your business to continue operating. If you stop ordering raw materials from your suppliers, you won’t be able to produce goods. If you don’t pay your employees, you will have no workforce. If you don’t pay rent and utilities, you might lose your factory, warehouse, or any other fixed asset. And if do not do marketing at all, you will have big troubles selling your products. Operating expenses are those expenses that you have to cover. Scaling your business means increasing your operating expenses. And these expenses allow your company to operate on a daily basis. The goal of any company’s management is to increase its profitability. And it can be done by increasing revenues or decreasing operating expenses. Increasing revenue is always the best-case scenario, but it is the most complicated option. While decreasing operating expenses allows you to increase the profitability almost immediately. But this must not be done uncontrollably. If you cut too much salaries, your employees will be unhappy. If you reduce marketing costs, sales will decrease. The management has to find a perfect balance between increasing revenue and decreasing operating expenses. In this case, the profitability of a business can be maximized. If you find my content interesting, please consider subscribing to my channel. It helps a lot as a beginner creator. And let me know if there is anything you would like to know about personal finances and investing. [jgf1WwVWM_g] |
| Category | Education |
| Tags | what are operating expenses | what is operating expenses and non operating expenses | what is operating expenses | operating expenses | operating expenses budget | operating expense | operating expenses artem dikarev | operating expenses khan academy | operating expenses accounting | operating expenses income statement | operating expenses class 12 | operating expenses definition | operating expenses explained | operating expenses example | operating expenses examples | the russian dude |
