I want you to think about cash for a few minutes. I want you to know that it means you need to keep cash on hand so when the inevitable rainy day comes along you don’t run short on cash.
Topics: Cash Flow
I while read a very interesting blog post from Diane Brogan, mother of Internet star Chris Brogan. The gist of the post was that someone in a book review had very poorly treated her son from Chris’ most recent book, The Impact Equation.
Topics: op ed
We’re taught that the only good business is a big business. The truth is that for most business owners they will never have a big business. I think that for most business owners having the goal of a big business will just move them heartache and heartache.
Topics: case studies
I’ve written a lot about the word no. It’s something I think you need to learn to say more in life. When you say no, you’re building time for you to say yes to the right things.
Topics: life changes
That might be something my wife would say to me. Sometimes I think we’re just too connected to our electronic toys and it gets in the way of our relationships.
There is a principle in behavioral finance called a recency bias. This is where you believe that what has happened in the past 30 to 60 days will become the new normal.
Topics: investment management
I find it amusing when someone tells me about their business buyer using discounted cash flow as a method to value their business. When I hear this, I know there is a very good chance the buyer is going to get a great deal and the acquisition will financially fail.
If you’re curious about my opinion, then you’ll just have to read on.
Topics: exit planning