Here’s a simple way to take the pulse of your company by reviewing a one page report: The Financial Quick Check (right click and save as...) This powerful report is a weekly summary of the few numbers that make all the difference to the success of your business. Feel free to download and edit this file. Enjoy the benefits [...]
Once upon a time, Business Mogul Warren Buffett bought the Washington Post newspaper. The previous owner and publisher at the time was Katharine Graham. Her father built the paper and transitioned it to Phil Graham, Katharine’s husband. Katherine took on the publishing duties when her husband committed suicide. She guided the newspaper to editorial greatness, [...]
The following story is true. The names have been changed to protect the innocent. If you think this story is about you…you are probably right. The Martyr and The Intimidator Leslie is the owner of a roofing company, a business she inherited from her father. Back in the day, her father managed a small crew [...]
If you were driving 80 miles an hour, in the dark, with your lights off, heading towards a cliff, would you like someone to yell, "STOP?" OK. Stop! Do you produce financial reports – the balance sheet and income statement – every week? Do you analyze sales, costs, cash flow, and debt every week? If [...]
You’ll be at a KFP when: You can generate Income Statement and Balance Sheet reports and trust that the information is current and accurate. You can go through the reports line by line, account by account, and understand what each dollar amount represents. You need a good accountant. Most accountants just prepare tax returns. A [...]
