Jan 13 2009

Getting Back to Basics

Being from Los Angeles (originally Iowa, but in LA for a long time now), I will always remember Pat Riley, former head coach of the LA Lakers.  He was always the cool guy.  In a bad year, he was saying routinely, “We have to get back to basics…like dribbling, passing, and shooting.”

Well, we are in bad times now and we all need to get back to basics.  Take a look at your business and see what has been making your money.  Then take a look at what has not been making you money.

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Jan 8 2009

Accounting Systems: to report history or to help forecast the future?

When I entered the accounting profession, financial statements were typed in word processors and spreadsheets were done on 13-column paper.  Really not so long ago, but getting a financial statement was truly an “event”!

Now basic accounting systems, like QuickBooks Pro costs under $200 and financial statements (canned out the accounting software) are instantaneous.

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Jan 6 2009

Did you get your annual physical this year, oh, and, how about your business???

So you are a loving, caring individual who loves their body.  Every year, you get a full phyiscal and you are thrilled to find out your ticker (heart) is fine and everything else attached to it.

So what do you do for your business?  How is the “blood pressure” of your business today? Is there a chance for a premature heart attack in these times?

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