internal control

Internal Control – Who’s Really in Control?

“Garbage in, Garbage out…” These words never ring more true than when assessing the Internal Control strength, accuracy, and quality of the financial and operating reports of a business. The mistake I made in the early portion of my professional…
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Cash Flow Statement

Cash Flow Statement – What’s the Big Deal?

I do cherish the good ol’ days when things were more slow and simple. Yeep, this is coming from someone raised in the 1980s, my friend. My my my… time does fly!!! Similar to when Eddie Murphy was actually funny,…
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free cash flow

Free Cash Flow Analysis

WHAT IS FREE CASH FLOW? One of my favorite and highly recommended books for entrepreneurs at all stages of the business cycle is Lifeblood: How Successful Business Owners Achieve Wealth¬†by Sam Frowine. One of the many highlights of this body…
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liquidity ratios

Liquidity Ratios – Can You Weather the Storm?

LIQUIDITY RATIOS – WHAT ARE THEY?¬† In today’s post as we continue our series on Financial Statement Analysis, we discuss Liquidity Ratios and how your understanding of them can positively impact you and your business. Now that we have talked…
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income statement

Income Statement Basics

WHAT IS THE INCOME STATEMENT? In today’s post, we’re are discussing the basics of the Income Statement and how they help in guiding the strategic decisions of business owners. As a major fan of NBA basketball, I’ve come to appreciate…
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