A while back I wrote a post about how you’re a good philosophical approach to business is to think of it as building an asset, and I used a neighborhood building under construction as my inspiration (which you can read here). Well, I haven’t seen any construction activity for a while, the building appears to be completed, but it’s empty! There’s available capacity, but the owner isn’t making any money from it. Continue reading “How much capacity does your business have?”
One of the keys to effective financial management is to have efficient bookkeeping. By this I mean that data is entered quickly, correctly the first time, and consistently. Efficient bookkeeping contributes to success for two reasons. First, accurate reports are issued, and this means making informed decisions based on accurate information. Second, spending time fixing errors means takes away from time being spent analyzing the numbers.
Here are five key ways to make bookkeeping efficient in your business: Continue reading “How to Streamline Your Bookkeeping”
As my quiet middle class Queens neighborhood becomes the latest destination for young people to move to, new construction is coming in. I’ve taken an interest in watching this building go up, partly because I’m a curious guy and partly because it got me to thinking about the business side of it. Continue reading “Passive Income”
Here’s an interesting exercise to do. It’s easy, and only requires basic math and some record keeping.
The question is this: How much do you earn, net, per hour of work? Continue reading “Are you making enough money?”