Thus The Pirate Bay isn't idealistic.

Myself.

And a customer development team says,

Skillful management made a success of the business.

It includes the places where the customers come sit.

I am doing business on a large scale.

He is doing business on a large scale.

I'm talking about all companies.

Open 24 hours.

He has the ability to manage a business.

But now, over this period of time, over 2008, 2008 happens.

A health food company.

Construction.

This place is closed, ladies.

Well, the thing I mention which I'll expand on later in this course is that one of the mistakes that we've also made for decades is confusing the titles, sales marketing and bus dev with the job specifications.

(Laughter)

I'm a salesman.

I am a member of the sales department.

So now we add an interesting line.

We decided to infiltrate some companies and do a very similar thing.

It's open 24 hours a day. You can go in day or night.

He is managing the business for his father.

They don't take into account the public benefits of a free internet.

Into this broad category fall companies that run money lending and insurance businesses.

I have to tell you if this is your vision on day 1, you're already out of business.

Is it open round the clock?

I prefer to work on my own.

So that's a nice thing to keep in the back of your mind, this return on asset concept, and it's very closely tied to operating profits and the actual assets of a firm.

And that's because they have the same exact asset.

That's what depreciation does.

You little...

Twentyfourhour Alex Cam.

As of now... myself.

It is against this failure to deliver, that in the recent years , cash transfers are being seen as a relatively efficient and alternative social policy instrument.

And we add back the interest, at least in this example, we get to an operating profit number.

Last year, for various reasons,

This was interest. This was non op income.

And then I was left with 1 million.

Are you open?

Is it open?

Our business hours...

He has enough ability to manage a business.

My father has a business.

Let's call it national e markets, NEMs for short.

But in general if you take EBlT and you take out the non operating income, you get back to operating profits.