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Tuesday, May 1, 2012
Tuesday, April 24, 2012
How To Increase PROFIT
How to Increase Profit Increase Volume or increase Sales Price? If you increase the volume sold you will also increase the cost of good sold. Cost of good sold means: The buying cost of producing the product Operating expenses means: The cost of operating the business to produce the product Therefore increasing volume will require further cash flow. If you increase price there is no further increase in cost of good sold or operating
Saturday, April 7, 2012
Street Smart Business Skills-Credit Transactions
A Credit Transaction Credit: Buy Now .... Pay later.... The secret is simple ... follow the money We begin with a position at the start of the reporting period Your Balance Sheet. What you Own minus What You OWE is What Your'e WORTH You then sell product or buy in stock both on Credit: "Buy Now .... Pay later...." How does that effect your Profit & Loss statement? Here’s the deal.. You Buy 1 pen at $5 You pay your supplier
Thursday, March 22, 2012
Cash Flow - The Life Blood Of Business
When you understand the flow of responsibilities and duties of the management and accountant it is a simple process to develop your business to peak performance. This is lesson 16 of 26 videos that make up the "Go Beyond the Numbers" On line video course where you will learn street smart business skill by understanding how to read and interpret financial reports. Not that you need to be an Accountant but you do need to understand the language of cash to get the maximum from your
Saturday, March 17, 2012
Everyone Is Self Employed..Whats Your Product?
Whenever I felt I wasn’t doing what I wanted to do, the following realization supported me in my every day decisions. It's now time for you to reflect on your business. Every one from the President to the janitor sell the same product. Time: You sell your time to the highest bidder. Energy: You trade your energy to the highest bidder also. Intelligence: You sell your intelligence to the highest bidder. We all have the same product . When I
Everyone Is Self Employed..Whats Your Product?
Whenever I felt I wasn’t doing what I wanted to do, the following realization supported me in my every day decisions. It's now time for you to reflect on your business. Every one from the President to the janitor sell the same product. Time: You sell your time to the highest bidder. Energy: You trade your energy to the highest bidder also. Intelligence: You sell your intelligence to the highest bidder. We all have the same product . When I
Thursday, March 8, 2012
A Durable Competitive Company Balance Sheet
Balance Sheet is Assets minus Liabilities = Your WORTH Assets: What you Own Minus Liabilities: What you Owe Equals your Worth: The business worth “as at a point in time”. Current means it can be converted to cash within 1 Year or less Current assets: Are assets that can be converted into cash fast with in 1 year or less. Assets: Short term Can be converted into cash quickly if required. This is sometimes known as the pile of cash. It is the cash
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