We know that we have the Income Statement and the Balance Sheet. We know that we have Accounts Receivables and Accounts Payable. We know that we have Net Income and potentially Net Loss. But did you know that you have Direct and Indirect Labor? Did you...

Profits we all want them! We all love them! Heck that is what we all work for profits – positive profits! We did not become business owners to pay others to work for them or to go in debt – we became business owners to...

I know…I know I can hear all of you saying it right now – It took you long enough! Yes it’s that time! It’s time to look at your Income Statement! Everyone is always so interested in their Income Statement. Those are usually the first questions...

Focus, so often when we were little kids we were told to focus. In volleyball I was always told to focus on the ball, don’t lose sight of the ball. Up to now my focus has been on accounting processes and procedures; the decisions you...

Uncertainty…Merriam-Webster defines it as lack of certainty: doubt. Something that is doubtful or unknown. Uncertainty…kind of sums up being self-employed? Uncertainty… the ups and the downs throughout the life of a business. We have learned in “Costs and Effects of Labor” that we as business owners...

Timing in business is everything. If it’s not us personally wanting something right now, it’s our customers. Queen states it very clearly with the title of their song “I want it all” - as the song states “I want it all, I want it all,...

If the leadership of a business is uninformed and fails to make proper decisions for the business the business will fail. Do you know how to insulate yourself and your business from making those mistakes? What part does your accounting practices play in this?...

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