Articles & Resources
Mission Versus Vision
Let’s assume that you are a bricklayer or stone mason, if you will. Your mission is to: Build fences to divide properties Build fences to keep critters (human and otherwise) off your property Lay bricks as the exterior of a building Build the foundation for a new building Repair the foundation of an older building […]
What is Internal Financial Reporting?
When I was in college (…and that was a while ago) this subject was part of a course that all accounting students had to take. But that is not the case today. But I think it will help if I first explain what it is not! It is not the traditional balance sheet and income statements […]
Types of Business Value
Your business has (correctly) more than one value at the same time! At first, you might not think about a business having more than one value at the same point in time, but here are some examples: book value that comes right off your balance sheet, forced liquidation value that a lender would consider as […]