Recently I read an article about the Controller of a small town who stole $30MM from the town over a number of years. It reminded me that I had once caught an Accounts Payable clerk stealing money from the company I worked for. Point being, embezzlement happens more frequently than you might imagine and often […]
Never underestimate the power of efficiently managing working capital. It‟s one of the basic “blocking and tackling” functions in an accounting role. Improving the management of working capital will not only enhance your company‟s return, but also lower your risk of running out of cash. Below are some actions you can take to better manage […]
“A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.”-Winston Churchill Entrepreneurs are by nature optimistic people. They are pretty comfortable with the unknown as long as the unknown feels or seems positive. In general, entrepreneurs are simply used to the roller coaster – some up’s and some down’s, […]
Businesses love sharing news about their successes and positive business finances. Not only do they enjoy tooting their organizational horns, but they should share good news. It’s good business to tell customers, stakeholders and the public in general about the great things that are happening. However, with a large number of businesses now in adverse […]
If you are like most people, you probably weren’t planning on the historic “100-year” snowstorm we were lucky enough to experience this month. Sure, you had milk, bread and eggs in your house. But what happens to your business when you lose power for days, and snowplows are a no-show? How about the impact of […]
