Finance


Show Me The Money

How much cash does the firm have today? Pretty easy to figure that out. How much will we have next month?  The month after that?  And at the end of the year? It matters. If profit is the…


Take A Load Off

Ever have that feeling that you brought too much stuff, and now you’re stuck with it? Last week, we likened Overhead to a heavy load that a firm must carry alongside direct salary costs. Baggage,…



Signs of Failure

How did this happen? Suddenly, without warning?  Or were there warning signs that we ignored? For the past few weeks, and even months, many of us in Texas have experienced a continued barrage of heavy rainstorms.  Virtually…


Gross Fee Anatomy

We need to discuss a gross subject. Fees. Gross Fees, to be precise.  Gross Revenues, if you prefer. As in the study of gross anatomy in medical school, we can learn a lot through dissection. So, let’s…


What’s Cooking?

Someone at the bakery had been cooking more than pastries. The deeper they looked, the bigger the theft appeared to be. I know, I know—it’s not going to happen to your firm.  Your firm is…


Getting the Scoop

We’ve got to get the story. And then report it.  Quickly. Eventually just isn’t good enough. Good financial management requires good financial reporting. Good doesn’t necessarily mean exhaustive. But it does mean timely.


In Summary…

Following the last three posts, we can now finish our exercise in creating a reliable, and ongoing, predictor of profitability. Admittedly, for some, this can be a rather dry topic area. Nevertheless, as we discussed in Solving…


Put It On Our Tab

Keep those receipts! We’ve got to explain to our persnickety accountant what we spent, and why. But will we be able to tell him what we’re going to spend next month, and why? That’s impossible to…