Posted on July 26, 2019 by Ken Homza

How Efficient Are You? And How Do You Know? (July 2019)

Whether you are an individual, a professional services firm that sells their time, a manufacturing firm, construction company, processing plant, or virtually any other kind of business that I can think of, you need some way to measure your efficiency. …

Posted on May 31, 2013 by Ken Homza

Less Is More (May 2013)

I am currently working on presenting an analysis of spending over various categories, time periods, and numerous items that are inconsistent from year to year. Fortunately, we have a substantial amount of detail. Sometimes a lack of detail is the …

Posted on November 30, 2011 by Ken Homza

Simplify (November 2011)

At one of my clients a number of items that we have been trying to simplify for some time have recently come together. The difference on the administrative side is amazing. We operate with very light staff levels yet we …

Posted on September 30, 2011 by Ken Homza

A Clerical Error Causes Bankruptcy (September 2011)

About a month ago I read an article about a company that sought protection under Chapter 11 bankruptcy laws for a “clerical error”. As they say: “You just can’t make this stuff up.” The headline actually blamed it on tax …

Posted on July 31, 2011 by Ken Homza

What AreYour Accounts Receivable Worth? (July 2011)

What are your accounts receivable worth? Almost every business has Accounts Receivable (AR) that are older than they would like. Managing them can be a difficult process. To start, management has to be honest with themselves about the value of …

Posted on January 1, 2008 by Ken Homza

Watch For Red Flags! (January 2008)

Some years ago, I was offered an opportunity to join a well funded start-up company. As part of my due diligence I read the business plan and shared it with a trusted advisor to help me evaluate the company. We …

Posted on August 1, 2007 by Ken Homza

Accounting versus Financial Management (August 2007)

I am constantly amazed at the number of people who can’t or don’t distinguish between accounting and financial management. It’s no surprise, I guess! Even in big companies, the terms “accountingandfinance” are often run together as if they are one …

Posted on May 1, 2007 by Ken Homza

Be Accountable to the Facts! (May 2007)

Last Month, I discussed organizations that were “avoiding profits” by avoiding conflict. While there are some that thrive on conflict, I think it’s fair to say that most people prefer to avoid it. However, business conflict doesn’t have to be …

Posted on March 1, 2007 by Ken Homza

What Is Profit? (March 2007)

Last Month, I promised to write about “profit”. The term profit, according to www.dictionary.com is the “gain resulting from the employment of capital”. The key to this definition is “capital”. The term profit the amount earned on the capital deployed …

Posted on January 1, 2007 by Ken Homza

Who’s Your CFO? (January 2007)

Whether you know it or not, you do have a CFO (Chief Financial Officer)! Someone, perhaps yourself, your accountant, bookkeeper, secretary, spouse, or office manager acts as your Chief Financial Officer. So, the question isn’t really whether or not you …