Each of us uses models every day, in nearly all aspects of our lives. But if you don’t create and apply these effectively, you’re leaving knowledge (and profit) on the table. In today’s newsletter I review some financial modeling essentials and provide six tips for improving yours. Read more…
A slow moving train wreck may provide plenty of warning … but it’s a train wreck all the same if the early signs are ignored. Today’s newsletter examines three “solvency ratios,” each of which plays a role in gauging a business’s ability to fulfill its long-term debt obligations and avoid problems down the road (or track). Read more…
Lead people, manage process. You have to do both and be good at both in order to get your organization to where it needs to go. Today’s newsletter explains the difference between leading and managing and provides practical suggestions for increasing your effectiveness in both areas. Read more…
Risk and Uncertainty, while often used interchangeably, are not the same thing. Today’s newsletter explains the difference and offers several practical lessons and suggestions for applying this in your work. Read more…
Understanding whether decisions are short term or long term in nature is critical in conducting proper analysis prior to a decision and … in making the right decision. Today’s newsletter examines the importance of time frame in decision making and offers seven suggestions for doing this effectively. Read more…
I encounter many crisis situations in my line of work, many of which could have been foreseen or avoided with the consistent application of some basic financial management tools. Today’s newsletter looks at four simple financial ratios, each of which plays an important role in helping you spot liquidity risks early. Read more…