5 ms·
I remember early advice in my career to always work for a revenue center not a cost center. This was really helpful as having something that makes a firm money
by prepend 3y ago
I remember early advice in my career to always work for a revenue center not a cost center.
This was really helpful as having something that makes a firm money seems more easy to measure impact than a cost center.
The natural incentives seem to jive better. Revenue centers are supposed to increase and are a function of margin. So more salaries and expenses should lead to more revenue. Cost centers are supposed to decrease or stay the same. So always a pressure to cut expenses.