by Joe Driscoll | Nov 22, 2009 | Finance
“Decision making” is the work of the manager. “Bean counting” is thought to be the work of the accountant. To many non-financial managers accounting remains an unsolved mystery,a burdensome boring necessity of business. Accounting, however, has...
by Joe Driscoll | Nov 22, 2009 | Finance
How much is too much? How much is enough? What’s fair and who decides? Only the marketplace knows. Compensation decisions are some of the most important and difficult decisions that business owners have to make. Ultimately, the amount of money available for...
by Joe Driscoll | Nov 22, 2009 | Finance
Despite the continuation of moderately positive economic indicators, questions about an economic slowdown and possible recession are frequent topics of conversation. Why the concern? Well, perhaps it’s because nothing lasts forever and we all realize that the...
by Joe Driscoll | Nov 22, 2009 | Finance
The total revenue of any product or service is a function of the price and the quantity sold. The “law of demand” states that there exists a negative relationship between price and quantity demanded. That means, if the price goes up, less will be demanded,...
by Joe Driscoll | Nov 22, 2009 | Finance
It’s that time of year again. The big companies started “doing it” awhile ago. Most smaller businesses are just getting started. Some will still be “doing it” in January and some others won’t even give “it” a try....
