by Joe Driscoll | Nov 22, 2009 | Finance
Small and growing businesses are invariably undercapitalized and will need to borrow funds at sometime. Debt financing creates financial leverage for the business owner that can be rewarding as the business prospers. Financial leverage is the borrowing of funds and...
by Joe Driscoll | Nov 22, 2009 | Finance
USX Corporation records a loss in excess of several hundred million dollars. The Bank of America and other corporate giants do the same. Not so long ago, the former International Harvester Company, now Navistar, recorded nearly a 1.5 billion dollar loss on a sales...
by Joe Driscoll | Nov 22, 2009 | Finance
“There is a great difference between knowing and understanding: you can know a lot about something and not really understand it.” Charles F. Kettering The difficulty encountered in forecasting future revenues is often a major stumbling block in the...
by Joe Driscoll | Nov 22, 2009 | Finance
Whether your business is big or small, whether you are an investor, owner or manager, you will soon be looking at year end financial statements. You may know the business inside and out, but the annual financial statement can often look as complicated as the...
by Joe Driscoll | Nov 22, 2009 | Finance
Budgeting and forecasting have never ranked high on the list of favorite tasks for the small business owner or the major company executive. However, if planning and controlling are two of the basic tasks of management, budgeting and forecasting must be done. The...
