Some companies, such as banks, large manufacturers, and airlines, have to make a big investment in assets to operate. Delta Airlines, for example, has to lease gates and ticket counters at over 300 airports. How a business accounts for this type of spending has a big impact on company profit. This excellent article […]
Protecting Your Business: Are You Doing Enough?
in Entrepreneurship/by Kenneth W. BoydBuilding a successful company is hard work. So, when you do achieve your short-term goals, it’s vital that you take the right steps to ensure that the venture continues to hit its targets for many years. Protecting the business from threats and potential pitfalls is vital. Every entrepreneur appreciates the need to install […]
Protect Your Financial Bubble
in Personal Finance/by Kenneth W. BoydThere are few places better in the world than home. It’s the place where you and your family can feel completely safe from the outside world. The place where you make memories and grow closer together through the time that you spend with each other. It can often feel as though you’re living in your […]
Streamline Your Business and Improve Your Results
in Entrepreneurship/by Kenneth W. BoydFounders need to balance their need to control with the ability to focus on tasks that grow the business. You can meet both objectives when you streamlining your business. Streamlining operations is a lot like cleaning out a closet. There’s less to look at, and the items that remain are the most important, […]
What the Schwab/ TD Ameritrade Merger Teaches Us About The Cost-Volume-Profit (CVP) Ratio
in Accounting/by Kenneth W. BoydWhy would two large companies decide to merge? In many cases, it has to do with huge changes in how both firms generate revenue and profits. As a business owner, you can use the cost-volume-profit (CVP) formula to make decisions about the direction of your business. As this great article explains, Charles Schwab […]
What Delta Airlines News Teaches Us About Accounting For Leases
in Accounting/by Kenneth W. BoydSome companies, such as banks, large manufacturers, and airlines, have to make a big investment in assets to operate. Delta Airlines, for example, has to lease gates and ticket counters at over 300 airports. How a business accounts for this type of spending has a big impact on company profit. This excellent article […]
What Mattel’s Accounting Mistake Teaches Us About Material Weakness and Deferred Taxes
in Accounting/by Kenneth W. BoydWho knew that Thomas the Tank Engine could stir up so many problems? Mattel, the owner of the toy brand and PwC, Mattel’s external auditor, did not take proactive steps to correct an accounting error. The company and the auditor have paid a heavy price. This excellent article from the Wall Street […]
Why Using a Logistics Firm Can Grow Your Business
in Entrepreneurship/by Kenneth W. BoydPeople don’t often consider logistics to be an interesting topic. But getting logistic right can make or break your business. Logistics may be viewed as a way to get products from point A to point B, but there is much more to it than that. For a lot of businesses, getting the right […]
What the Under Armour Accounting Scandal Teaches Us About Liquidity Ratios (Video Link)
in Accounting/by Kenneth W. BoydUnder Armour’s CEO is stepping down, and the stock price declined by over 18% on Mon, 11/4. What happened? The company’s third quarter earnings report was negative, but the bigger story is this: “Department of Justice is conducting a criminal inquiry into whether Under Armour shifted sales from quarter to quarter to […]
Save Money, Save Planet
in Personal Finance/by Kenneth W. BoydIf you have ever been in the financial hole, you know how hard it is to make ends meet. It requires some creative juggling and being extremely tight on where you spend and how much. Every expense is weighed, every option is reviewed, and creativity is flowing to stitch everything together. At […]
Empty Coffers: Why You Can’t Save Money (4 Video Links)
in Personal Finance/by Kenneth W. BoydIn a perfect world, we would all have money tucked away for an emergency. Of course, in reality, many of us lurch from one paycheck to another, crossing our fingers and praying that we have enough to cover what we owe. Sadly, this often leaves very little or nothing for savings. But you […]