Category: Business, Organization, and Management

  • HOW TO KEEP BOOKS FOR MANAGEMENT FIRST RATHER THAN FOR GOVERNMENT FIRST. You can

    HOW TO KEEP BOOKS FOR MANAGEMENT FIRST RATHER THAN FOR GOVERNMENT FIRST.

    You cannot get a CPA to keep good books no matter what you do. Best advice is to hire an MBA as your CFO. Then strong director or CPA to work for him. CPA’s worry about compliance first and business second, and MBA’s about information for the business first, and compliance as a sunk cost. MBA’s are right.

    — ACCOUNTING PERIODS–

    13, four-week accounting periods “(months)” no matter how much work it is for accounting.

    Payroll periods, within those accounting periods, preferably every one or two weeks.

    — MANAGERIAL INCOME STATEMENT –

    Presented in tabular form in the context of rolling 12 months.

    FOR MANAGEMENT TEAM

    Subtotals for Cash On Hand.

    Cash Flow History and Forecast.

    [details]

    Subtotals for EBITDA: profit and loss from operations (cogs)

    A List of cash related Action Items

    FOR C-SUITE, BOARD, AND INVESTORS

    (“stuff that obscures operational excellence or failure”)

    (!!!includes book value, AND current liquidation value!!!)

    Subtotals for asset transformation (portfolio)

    Subtotals for Interest (money costs)

    FOR CFO, CREDIT(banking) AND TAXES(government)

    (What I call “Cost of government interference in the business”)

    Subtotals for regulatory costs (staff, fees, etc)

    Subtotals for depreciation, and amortization. (regulation)

    Subtotals for the above: “Net”

    Subtotals for taxes (taxes)

    AT THIS POINT ITS NONSENSE

    Totals of above: “Net/Net” (which is by now a total fabrication in most cases)

    —FINANCIAL INCOME STATEMENT-

    (for third parties)

    Standard income statement for the month/period in question.


    Source date (UTC): 2016-06-16 04:40:00 UTC

  • People who market their good habits, by marketing themselves, are more marketabl

    People who market their good habits, by marketing themselves, are more marketable. Disciplined Intentions are a desirable commodity.


    Source date (UTC): 2016-06-07 01:29:19 UTC

    Original post: https://twitter.com/i/web/status/739992603752595456

    Reply addressees: @pmarca

    Replying to: https://twitter.com/i/web/status/739878458205999105


    IN REPLY TO:

    Original post on X

    Original tweet unavailable — we could not load the text of the post this reply is addressing on X. That usually means the tweet was deleted, the account is protected, or X does not expose it to the account used for archiving. The Original post link below may still open if you view it in X while signed in.

    Original post: https://twitter.com/i/web/status/739878458205999105

  • ( Wow. You can really start to smell the microsoft blood in the water. )

    ( Wow. You can really start to smell the microsoft blood in the water. )


    Source date (UTC): 2016-06-04 07:52:00 UTC

  • The head of your PMO (Project Management Office) should be someone who loves to

    The head of your PMO (Project Management Office) should be someone who loves to shut things down. To make them clear. To get things done.

    Your Legal staff, your accountants, and your project management office have a lot in common. Their creativity is applied to what we commonly call ‘efficiency’.

    Your CTO, Your CCO (Creative Director), your CMO, and your CSO (head of sales, business development, and strategic partnerships) should be searching for recombinative opportunities that can be seized on behalf of your revenue stream and your customers. and the retention of your customers. These functions serve the purpose of creating opportunities. We call this ‘creativity’.

    But to claim the search for efficiency is not a creative act is not quite correct, and can be both disincentivizing and demoralizing for those people who must find creative means of efficiently producing outputs at the lowest cost.

    And the same applies to the ‘creative’ side of the house, whose job it is to identify, create, and seize opportunities at the lower cost, producing potential that can be efficiently converted into asset, product, service, and revenue.

    And within your technology team, it is actually a lot better to limit the number of inspiring creatives and increase the number of guys ‘who get things done’. The superstar model actually doesn’t work unless you have google levels of money to throw around, because it’s not clear that those people are actually better at production – at all. They just are good to have in the queue as a rapidly growing company. And moreover, if you’re large, it’s better that they’re working for you than for a potential competitor.

    So why do I want to get this across? WEll, because a lot of entrepreneurs are looking for entrepreneurial peers. But that’s actually not so good an idea. ideas are cheap and expensive. Execution is what separates men from boys – survival from suicide.


    Source date (UTC): 2016-06-03 08:12:00 UTC

  • TOO SMALL A PRODUCT LINE for the culture to persist

    TOO SMALL A PRODUCT LINE for the culture to persist.


    Source date (UTC): 2016-05-30 16:05:38 UTC

    Original post: https://twitter.com/i/web/status/737314032152150016

    Reply addressees: @drkent

    Replying to: https://twitter.com/i/web/status/737313381988896769


    IN REPLY TO:

    @drkent

    Apple Shifts From Genius Bars to Genius Groves, Hoping Patrons Linger https://t.co/STunhLBdjO https://t.co/YOpPjXLNg2

    Original post: https://twitter.com/i/web/status/737313381988896769

  • Membership Confirmation

    [pmpro_confirmation]