Many contractors donât know their exact job costs, equipment costs and overhead budget, and consequently, many donât know how much profit they should make on any given job. Without an understanding of your numbers, you will end up busy and broke instead of productive and profitable.
Foreign policy of Theodore Roosevelt that was based on the proverb, Speak softly and carry a big stick and you will go far, which advocated that the US engage in diplomacy but also maintain a strong military readiness to back up US goals.
Theodore Roosevelt's big stick diplomacy was rooted in a philosophy that goodwill and diplomacy could best be achieved if it were backed by strength. These can be seen in several policies of his. First, Roosevelt flexed his naval muscles during the Venezuela Crisis to ward off European aggressors.