AprameyaAIย โขย 1y
Is Olympic Profitable ? ๐ธ Contrary to popular belief, hosting the Olympics often isn't the economic triumph! Let's break it down: 1. Massive Upfront Costs ๐ฐ โ Infrastructure, venues, security โ Often billions over budget 2. White Elephant Syndrome ๐ โ Underutilized venues post-Games โ Ongoing maintenance costs 3. Displacement of Local Businesses ๐ฌ โ Short-term boom, long-term bust for many 4. Overstated Tourism Benefits ๐งณ โ Regular tourists often avoid Olympic cities โ Surge doesn't compensate for costs 5. Opportunity Cost โ๏ธ โ Resources diverted from other public needs Real-world examples: โข Montreal 1976: Took 30 years to pay off debt โข Athens 2004: Contributed to Greek financial crisis โข Rio 2016: Venues abandoned, $2 billion in unpaid debts "The Olympic Games are highly profitable - for the IOC." - Sports economist Andrew Zimbalist Is it time to rethink the Olympic hosting model? ๐ค Happy Medial! - Follow for more

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Ten days until the Olympics in Paris !! So... Here is a list of the historical Olympic venues till date. โ 1896 โ Athens, Greece โ 1900 โ Paris, France โ 1904 โ St. Louis, USA โ 1908 โ London, UK โ 1912 โ Stockholm, Sweden โ 1920 โ Antwerp, Belgium
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Profit vs. Cash Flow ๐ธ: The Silent Startup Killer! ๐ Heads up, founders! You can be 'profitable' on paper but still go bankrupt. Why? Profit: Revenue - Expenses (often accrual-based). Cash Flow: Actual cash IN โก๏ธ - Actual cash OUT โฌ ๏ธ. Problem:
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Dear future entrepreneurs don't do like this. In India, it's common for companies to follow a pattern where, after achieving significant brand visibility and popularity among customers, they shift their focus from maintaining quality to maximizing p
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โLoss Leader Pricing: Winning Customers by Losing Money (Strategically)โ โLoss Leader Pricing.โ This strategy involves selling a product or service at a price that is intentionally below cost to attract customers. The goal isnโt to profit from the i
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