How Do You Change Your Life? Start by Playing Like a Kid
Why picking up your innate "playing" skills is the key to making changes in your life, especially if you are an entrepreneur.
Archive
A collection of 103 issues
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StrengthsFinder: A Free Test To Better Understand Yourself
A free StrengthsFinder test in both Numbers and Excel versions for download. Also some tips on how to manage your life and work, as well as how to work with others.
There Might Just Be a CEO Degree and 44 of Top 100 CEOs have It
I researched the background of the top 100 CEOs on the Fortune 500 (US) Company List; this is what I found.
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Common Size Analysis
Common size analysis is using the percentage of each item to understand the cost/expense structure, capital sources, and asset allocations, etc. Aka structure analysis.
Growth vs. EBITDA vs. Cash Flow: Learnings from My First Million Podcast
How do Shaan and Sam think about Growth vs. EBITDA vs. Cash Flow, and how do they adjust strategies in their business? This one talks about their discussions from MFM pod "3 things you need to outperform 99% of entrepreneurs".
Which Financial Statement is Most Important?
Which financial statement is most important? To a bank, an investor, and a corporate buyer, the answer could be different.
How are Financial Statements Linked Together?
Why do we need all three financial statements, i.e. balance sheet, income statement, and cash flow statement?
How to Create Cash Flow Statement?
Now that we have learned the form and function of Cash Flow Statement, how do we create a Cash Flow Statement? We will use the same example when discussing the balance sheet and income statement to illustrate.
Cash Flow Statement Importance
Net cash flow can be calculated from balance sheet alone. Then why do we need a separate financial statement - cash flow statement? Read on.
What is Cash Flow Statement?
What is cash flow statement? Similar to how you bookkeep your own expenses for the house, you can do the same for your business.
How Tax and Profit Distribution Affect Financial Statements
After paying all the expenses and taxes, we've managed to get some profit. How does profit distribution affect balance sheet and income statement?
Research and Development Expenses Accounting Treatment: Intangible Assets or Expenses?
Should research and development expenses be treated as expenses or intangible assets? This one explains the concept in depth.
How Sales Affect Balance Sheet and Income Statement
Once you make a sales, you move some of your inventory (balance sheet) into cost of goods sold (income statement). But how does a sale affect these financial statements exactly? Read more.