The 12 Course Tasting Menu of Business Excellence
Yes, 2022 is here - thankfully - and we can finally say good riddance to 2021. You've already got a long list of things to do ... executing the annual…
Business Finance | Pick a card … any card ….
New metrics to Define Financial Performance?
In the tumult surrounding the 3D maelstrom (Debt Ceiling, Downgrading and Deficit) of several weeks ago, you may have missed another chilling corporate finance update on the relentless pursuit of performance metrics that extol the sunshine while you’re in the heart of darkness. Yes, there may be some economic value for certain of these metrics, but they’re dangerous barometers of realizable value and highly misleading as to future achievements of tangible operating profits and free cash flow.
Another Sign of the Apocalypse?
Most of us recall the “eyeball counting” that preceded the Dot-Com-Bomb and those certain “Signs of the Apocalypse”, as when your cab driver is telling you what stocks you should buy. (more…)
Business Finance | Why you should read Warren Buffett’s Letter
A Weekly Business Finance series for Non-Finance Executives!
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Read Warren Buffett’s Letter to Berkshire Hathaway Shareholders
So, why not jump into the deep end right now by reading Business Finance is about much more than finance
I’ve said before that leaders don’t have the luxury of confining their interests to just a few things
Business Finance | Are You Ready for an Injection of Financial Adrenaline?
If you’ve ever exercised by lifting weights, you know that the amount of the weight on the bar is only one variable that needs to be considered for a particular exercise
If you’re doing a bench press, you can add more weight because your chest and shoulder muscles help your arms to lift the weight
But if you put 50% of that total weight on each of two dumbbells, you can’t lift either one
You’ve probably also learned that you can’t use the same weight for curls as you do for bench presses
How much weight can you really lift?
[pullquote]“Make everything as simple as possible, but not simpler
” ~ Albert Einstein[/pullquote]
Likewise, if you’re going to do only one repetition, you can handle more weight than if you’re going to lift it ten times
If you are lying flat, (more…)
Flush the recession Kool-Aid! Create your own demand!
“Teach a parrot the terms ‘supply and demand’ and you’ve got an economist.”
~ Thomas Carlyle
A lady walked into a neighborhood market one day and spoke loudly over the counter to the head butcher.
“Your prices these days are atrocious, Sal. Joe’s Deli across the street is selling your $10 chuck roast for only $5!”
“I know, Mrs. Haggle. I saw the sign. The thing is . . . Joe doesn’t have any chuck roast.”
The law of supply and demand still rules
So, the law of supply and demand rears its head again, some days a beautiful vision, other days an ugly hag. We’re surrounded by her mystique everywhere we go. Traffic is tied up because there are more cars than highway space. Starbuck’s is backed up because people want coffee faster than it can be made. There are no paper clips in the supply room but there’s plenty of fruitcake left in the kitchen.
Even for tickets to a free concert?
Supply and demand drove markets long before economists appeared … and its jarring prevalence is unavoidable. One of my favorite examples is (more…)