No matter how far out the tide goes, all waves come crashing back to shore. The same is true with business cycles. We have experienced a particularly good period in business over the past decade or so. After experiencing a difficult recession, our economy roared back to life. Many of us have not only regained […]
Here are a few basic truths to help ensure your success: It all starts with simple math. The formula is pretty straightforward: Revenue – Expenses = Profit. You need to sell enough of something and price it properly so that it exceeds your costs of doing business. Knowingly taking work at a loss is a […]
As we start another week with political posturing around the debt ceiling it has become far too obvious how political considerations are trumping bipartisanship and what’s best for the country. For all intensive purposes this is a manufactured crisis. The government can’t afford not to raise the debt ceiling for many important reasons. In the past it has been done under presidents from both parties. Since it is a major election season next year, political leaders on both sides are using the issue as a hammer to beat up on their opposition – how sad, yet predictable.
It’s amazing how many people can’t do basic math when it comes to their business or their lives. Revenues minus expenses equals profit. Profit only becomes cash once it is collected.