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RE: LeoThread 2025-02-03 09:39

The financial aspect would have taken even more time, because of its essential nature. After all, how else would they have known whether the business was profitable or even viable?And how would they have funded their elaborate lifestyles? Cato says on the matter: “You must check the figures for money and grain, check what is set aside for fodder, check the wine and oil figures — what is already sold, and the income from this, what is still to be produced, and what it will fetch — agree the difference and take charge of the agreed sum.” This is the end point (scope) of any business. Obviously, they did not have any double entry books (this was a much later invention) and they were lacking in cash flow projections. But they had an excellent understanding of basic finances and how numbers should be used for their advantage.