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Know the 6 Steps in Cost/Benefit Analysis

First Friday Book Synopsis

Here is another valuable Management Tip of the Day from Harvard Business Review. We all know we should make an investment when the benefits outweigh the costs, but few people understand what really goes into the analysis. To sign up for a free subscription to any/all HBR newsletters, please click here.

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The Skills Gap That's Slowing Down Your Career

Harvard Business Review

The same can be true if you are in an engineering job without the right credentials, or a senior finance job without an MBA or an advanced degree in finance. If your speed bump is a lack of the right skills, it helps to first do a quick cost/benefit analysis to see if investing in an upgrade will be worth it.

Career 8
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How Freelancers Can Make Sure They Get Paid on Time

Harvard Business Review

Another tip: “Make sure you have the name and contact details of the person in finance with whom you’ll be dealing with,” says Pearce. Pearce recommends you “try to get as much money up front” as possible. “A deposit of 30-50% of your estimated fee is acceptable in many industries,” she says.