Cash Flow is something everyone talks about, but few people really understand, especially when you get into the details of what drives cash flow. In this episode Mike and I are going to dig into the Working Capital Cycle, but first we wanted to mention some important resources. The SBDC – Small Business Development Center […]
I was recently asked, “Why the emphasis on cash flow?” I gave the example of real estate and how highly leveraged businesses can look profitable, but still go out of business. My friend pressed on saying that he gets it in that context, but in all business? The answer is yes. You can have poor […]
In 2003 I had had enough with working at a job where the managing partner of the CPA firm would berate us on a regular basis. I’ll never forget the day I was driving home from the Santa Monica based CPA firm to my small apartment in Hollywood, and I was balling. At the time, […]
“It’s not about where your starting point is, but your end goal and the journey that will get you there.” —Unknown I’m standing in the Exhibit hall at QuickBooks Connect Toronto, and someone asks if I heard the news about TSheets. I pulled out my phone and there are two emails. One from Kim Amsbaugh […]
Five years ago I was invited to the very first Intuit (INTU) VIP Summit. I almost missed it. I ignored the “memo.” Then Kim Amsbaugh (@kamsbaugh) from Intuit reached out to me and made it clear that they would really like me to be there. It made me feel important. Up until that point, I […]
The Back Story A while back, my wife and I decided to get rid of our Keurig coffee machine and get a French Press. We had read an article about how bad the K-Cup machines are and how the inner tubes develop a build-up over time. Yes you can clean them, but that’s the problem. […]
Anybody who has ever managed me, and any job where I’ve worked, has no doubt experienced the frustration that comes along with lack of control. They could never control me. No one could then, and no one can now. My parents learned this lesson the very hard way, a number of times. Now they will […]
Reusable Falcon 9 rocket is a triumph for SpaceX’s Elon Musk http://www.floridatoday.com/story/tech/science/space/spacex/2017/03/31/reusable-falcon-rocket-triumph-spacexs-musk/99881926/ When I was younger, I had no interest in History. I found it, incredibly boring. Now, as I’ve gotten older, I find it VERY interesting. In my online travels this week, I stumbled on this article, which I found really interesting. This Is […]
Well that sums it up in a nutshell, and of course the anti-trump people did not hesitate with the memes, and very large L’s all around the internet. Then I saw talk of whether or not Trump should fire Paul Ryan. Should he? Or should he take responsibility for the failure of the act to […]
The jobs report came in strong, and the fed raised interest rates. What’s more is that the Fed has made it clear that rates will be raised again. Bottom line, is that this is the time to refinance any variable rate debt to fixed rate debt. If you are thinking of buying a home, do […]
Job numbers came in strong, and this is good. This seems to indicate that the Fed will be much more excited about increasing rates. The question is, what will happen when the fed increases interest rates again? And how much will they increase them? 25 basis points? 50? If the fed comes in with a […]
If you need to “set boundaries” with clients, you have the wrong mindset! I went to get my haircut recently. When I walked in, the young lady behind the reception desk barely looked at me, and I could barely hear her ask me how she could help. I might not have known she was talking […]