Cash Flew—Who Knew?
We’ve said it before: Companies don’t go out of business because they’re losing money; they go out of business because they’re out of cash.
Burger Value
“I’ll have a cheeseburger and a Diet Coke, please” I said to the 27- month- old waitress. “Cheeseburger and Diet Coke,” she confirmed back to me as she toddled off behind the kitchen counter. Ten seconds later she was back with my imaginary lunch. “How much money does that cost?” I asked. “Twenty dollars, Papa,” […]
Mowing Alone
It’s been a big push, but you’ve finally gotten everyone to account for their time. Your people are reporting their hours every week, charging them to their various projects or to overhead, and from their time sheets it looks like they’re all reasonably productive. Now what? How do you determine whether you’re making any money on their work?
Decluttering Your Numbers
What kind of impression do your financial statements convey to your financing sources? Beyond the actual financial results, a disorganized chart of accounts may be providing unintended insights into your management savvy and level of sophistication, causing your banks and investors to discount your numbers. It may be time to declutter.