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It can be tempting to cut corners when laying the foundation of your business. Most new business owners try to pinch pennies where they can—even in areas they shouldn’t. For almost all businesses, making money is a priority, but how you manage that money is equally important. When you try to manage the accounting and bookkeeping for your business yourself, you may run into trouble.
Disasters, wars, and pandemics should be times in which everyone works together against the common threat. We’re all in the same boat, so to speak. Except we’re not in the same boat. Some have been able to work at home, have food delivered, and largely avoid the threat. Others—including those who made it possible for the first group to stay safe—remained exposed.
We just heard from the most important company in the world that business is booming. $89 billion in sales is by far the largest number for the second quarter than they've ever had. I know we have to take y/o/y numbers with a grain of salt, but come on. This is absolutely insane! The iPhone is without a doubt the best-selling consumer product of all time. $133 billion in sales in the last 2 quarters alone!
Explore the 12 Best Books for Financial Advisors. I’ve read hundreds of books for financial advisors over the years. Some of them were okay and others completely revolutionized the way I do business. As a financial advisor, I know you’re busy. You don’t have time to waste on “yet another book” that promises results but doesn’t deliver. To help you out, I’ve gathered a list of the top books for financial advisors.
As businesses increasingly adopt automation, finance leaders must navigate the delicate balance between technology and human expertise. This webinar explores the critical role of human oversight in accounts payable (AP) automation and how a people-centric approach can drive better financial performance. Join us for an insightful discussion on how integrating human expertise into automated workflows enhances decision-making, reduces fraud risks, strengthens vendor relationships, and accelerates R
Corporate Engagement Spotlight: Ethical AI Practices ajackson Thu, 04/22/2021 - 11:37 Right now, as you read this, there are computers and network servers all over the world pondering one topic: you. They are improving your life invisibly—streamlining traffic on your commute, helping drive down your utility costs, curating playlists for you on your favorite streaming app, possibly improving the health care diagnoses you receive.
Little MM and me self-educating with some Orson Scott Card, way back in 2017. We’ve come so far together since then! So it looks like my 15-year-old is officially a high-school dropout. Halfway through ninth grade, emboldened perhaps by the taste of freedom that Covid-era remote learning had provided, he realized that the whole system was just too slow and inefficient for him, and was “Getting in the way of his work.” So as it looks now, he’ll probably never return to any
Knowing how to pay yourself as a small business owner may seem simple, but there are quite a few options when it comes to doing it right. The information below will help you learn the basics of how to pay yourself as a small business owner, but we highly recommend talking to a tax or financial expert ( we’d love to chat with you! ) when it comes to the specifics of your business.
Knowing how to pay yourself as a small business owner may seem simple, but there are quite a few options when it comes to doing it right. The information below will help you learn the basics of how to pay yourself as a small business owner, but we highly recommend talking to a tax or financial expert ( we’d love to chat with you! ) when it comes to the specifics of your business.
A Masters’ degree in business administration is more than just a certificate. It is your claim to a better future, enhanced career opportunities, a better life and the chance to make your own destiny. There is no wonder that with a MBA degree you can do a lot in life that may not otherwise be possible with any ordinary degree. But in order to accelerate growth and fulfill all your dreams, doing just any MBA course may not be enough.
This made me laugh. 74% of respondents said that value stocks will outperform growth stocks over the next 12 months. This comes from Barron's Big Money Poll , where they ask 152 money managers across the country were polled about their outlook for various investments over the next 12 months. We've gone from "is value investing dead" to "of course value will outperform" in less than 6 months.
I have recently finished historian and economist Marc Levinson’s masterful The Great A&P and the Struggle for Small Business in America. While the story focuses largely on two brothers, John & George Hartford, and the rise of grocery chain they managed with great skill, readers will also learn much about the fascinating history of food retail.
Corporate Engagement Spotlight: Ethical AI Practices. ajackson. Thu, 04/22/2021 - 11:37. Right now, as you read this, there are computers and network servers all over the world pondering one topic: you. They are improving your life invisibly—streamlining traffic on your commute, helping drive down your utility costs, curating playlists for you on your favorite streaming app, possibly improving the health care diagnoses you receive.
Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
Why you should publish your advisory fees and services on your website. Today I want to talk to you about a subject I’m passionate about: putting your pricing and services front and center on your website. There are so many advisors who are hesitant to do this (and most don’t have their fees listed on their sites at all). Watch this short video to learn three reasons why you should list your fees and services on your website.
We work with small business owners and entrepreneurs. Some are seasoned, others are just growing their side hustle. Their skills are varied and they have a wide variety of talents. We often get asked to explain the ins and outs of financial reports and have found that providing our favorite clients with a working knowledge of accounting terms is helpful.
By the numbers, the US looks much better than it did than a few months ago. Jobless claims dropped to their lowest levels of the pandemic; COVID-19 vaccine shots went into arms at a record rate. But we’ve seen how this goes. The virus spreads in waves that recede and then return, often stronger. Some areas of the US are experiencing their fourth wave of coronavirus cases.
Brokerage accounts are for investing. If you want an adrenaline rush, drink a couple of Four Lokos*. The volatility of Bitcoin makes the S&P 500 look like a short-term bond. Imagine investing in Bitcoin and thinking "I need 20:1 leverage." Evidently, there are people out there doing this with a lot of money. According to data provider Bybt, crypto traders lost $10.1 billion last Sunday to liquidations after Bitcoin fell 17% in 20 minutes.
Like being inches from the end zone, many advisors are frustratingly close to their next level of success. You work hard. You put in the hours. But if your closing rate is stuck or your pipeline feels like a revolving door… something has to change. Most advisors are just one small shift away from dramatically increasing their revenue. The difference?
The American Families Plan eberkwits Fri, 04/30/2021 - 12:33 On April 28th, the White House released details on The American Families Plan. This is a $1.8 trillion spending and tax proposal intended to enhance or create universal benefits for areas impacting families including child care, paid family/medical leave, universal access to preschool, tuition-free two-year community college and related tax cuts for low and middle income families. $1 trillion of the cost of the bill is investment in th
Once you’ve ironed out your marketing message, you’ll want to decide what channels will work best to get your message to the right customers. As you consider each channel, think about where your audience “hangs out”. Does your audience spend a lot of time on social media? Does your audience read the newspaper or listen to the radio? Focus your marketing efforts on the channels that are most likely to grab your audience’s attention.
It’s no secret that being an entrepreneur is stressful. You’ve got a million things on your plate. From ordering inventory to dealing with customer concerns, to staying within budget and beyond, the stress of daily responsibilities can wear on you. As an entrepreneur, it’s important to reduce stress so that you can have a clear mind when making business decisions, pitching, or dealing with customers. .
Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g
As a business owner, it can be easy to see dollar signs on things that aren’t actually going to drive revenue for your business. Identifying the markets that are going to be lucrative for your business will help you to define your niche and—more importantly—nail it. It’s tempting to try to reach every customer who could possibly be interested in your products, but taking the time to find your perfect fit will help you to iron out your offering and help your business to be more scalable.
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$126 billion of value creation. This is the amount of money that Amazon delivered to its prime members in 2020, according to Jeff Bezos. He got to this number by doing some arithmetic on the amount of time people spend on Amazon versus going to a store. I don't even view Amazon as a store. People go to a store to shop. I go to Amazon to buy. They say that 28% of purchases on Amazon happen in three minutes or less.
There are 45 cryptocurrencies with a market cap greater than $1 billion. At nearly $2 trillion in these 45 names alone, we're talking serious numbers. Bitcoin is still the biggest, but it's no longer the only kid on the block. Cryptocurrencies have created hundreds of billions of dollars out of thin air. If I'm reading this chart right , it looks like more than 60% of Bitcoin's $1t market cap is profits.
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.
Today’s Animal Spirits is brought to you by Osprey. Click here for more information. On today’s show we discuss: The creator of Dogecoin sold all of his Dogecoin The CEO of Coinbase sold shares in a direct listing. This is not a scandal. Dogecoin crashed Robinhood Bill Miller's 1Q letter An explanation as to why companies are "losing money" This guy is disrupting the crypto market Listen to him on the Odd Lots podcast Robinhood is not helping investors on the tax side of things The $100 millio
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It's been a good run. If you own risk assets, you've probably done very well recently. Outside of shorting things, it would have been difficult to lose money over the past few months. Take a look at this chart, showing the year-over-year change in the S&P 500*. We've had bear markets before, but we've never had this type of rally in such a short period of time.
We've never seen a bear market like the one we just lived through. Nothing comes close in terms of how quickly it started and how quickly it ended. In just 19 days, the Dow was 20% below its highs. In 22 days, it was 30% below. And in just 27 days, it was all over. The bottom was in. To call this unusual is an understatement. You can see in the chart below that most bear markets take literally hundreds of days to bottom.
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
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Today’s Animal Spirits is brought to you by BlockFi On today’s show we discuss: 95% of Bitcoin is controlled by 2.4% of accounts Gas fees on the Ethereum blockchain Crypto shadow banking explained Packy McCormick explains BlockFi Why I'm having trouble holding Listen here: Tweets: [link] [link] [link] Charts: Contact us at animalspiritspod@gmail.com with any feedback, recommendations, or questions.
From 2010 to 2017, the outperformance of growth over value was driven almost entirely by fundamentals. Over the past few years, however, the lead widened almost entirely due to investor enthusiasm. From Michael Cembalest and the team at J.P. Morgan From 2010 to 2017, relative P/E multiples were stable even as growth outperformed value. This reflects a growth stock rally that was driven by much faster earnings growth.
"Home prices are not in a bubble. It's not like people are collecting houses. These are first-time home buyers! The rise in prices was fueled by Covid, low interest rates, and most importantly, demographics. Are prices red hot? Yes. Is this a bubble that will pop? No." This has been my take on housing for the past few months on the podcast. I still stand by those sentiments, but one part of that statement is flat out wrong.
Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.
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