Do you have a profit culture? Your first thought may be to wonder what I mean by that question. Let me explain. Some companies are driven to achieve profit objectives. Everyone in the organization is aware (to a greater or …
The goal of financial statements is to tell the story of the business in numerical form. That story may be for the most recent month, quarter, year or longer. There will be a lot of numbers on the pages but …
This is the time of year when many look back over the past. But I think it’s important to have a reason to look back and it’s not just to reminisce. Rather, it should be to perform some analysis of …
What is the speed with which you and your organization can accomplish a goal? It is no secret that the world moves at a much quicker pace than it did even a few years ago but is your business keeping …
Recently I wrote What Can You Learn from a Waterfall? and Is Your Pool of Capital Sufficient? In both issues, I used water as an analogy to the cash flow and profitability of a business. In this issue, there are …
Several months ago I wrote What Can You Learn from a Waterfall? and referred to the pool of water at the bottom being analogous to the pool of capital that a business accumulates from its retained earnings. Recently, I have …
As we enjoy Labor Day weekend I hope that everyone reading this is getting the opportunity to relax with family and friends. As we exit the summer vacation season, during which it seems to sometimes be nearly impossible to schedule …
I recently had lunch with a colleague and the subject of my monthly newsletter came up. I jokingly said that I should fire the guy responsible for building and maintaining my email list. Frankly, he’s not very good at it. …
The other morning my five year old asked what I was doing and I said I was starting to write my monthly newsletter. He said, “Daddy, why don’t you write about our waterfall?” It didn’t take me long to realize …
What is the role of your board? While I realize that many small companies have neither an official or unofficial board, bigger companies have a board of directors. Articles abound about the purpose of a board of directors and I …
