by admin | Mar 5, 2017 | Distributor Operations, Expense Reduction, Guides, Guides, Guides, Newsletters, Newsletters, Newsletters, Profitability, Resources, Resources, Resources
We make business decisions every day. We evaluate whether to replace aging warehouse equipment or delivery vehicles, whether to add personnel to the sales team, or increase spending on marketing. A simple Return on Investment analysis can help us make better...
by admin | Nov 12, 2016 | Financial Training, Guides, Guides, Newsletters, Newsletters, Profitability, Resources, Resources
I am always surprised when I talk to our banker and realize how much he knows about business. Not just banking and finance, but actual business. He asks great questions – the kind of questions that make me think about how we are running our organization –...
by admin | Aug 16, 2016 | Financial Training, Guides, Guides, Newsletters, Newsletters, Profitability, Resources, Resources
Fred Flintstone said that every buck is your friend, and the more bucks you got, the more friends you got. Fred was not a rich man, but he understood the concept of financial literacy. Bedrock style. We are all taught to read at a young age. We start with letters, and...
by admin | Aug 13, 2016 | Distributor Operations, Expense Reduction, Guides, Guides, Guides, Newsletters, Newsletters, Newsletters, Profitability, Resources, Resources, Resources
There is no joy like that of a cancelled meeting. The stay of execution. The snow day when we were kids. But you know they will plow the roads and there will be school tomorrow. The meeting will be re-scheduled. You’ve dodged a bullet for now but it will come back....
by admin | Jul 24, 2016 | Financial Training, Guides, Guides, Newsletters, Newsletters, Profitability, Resources, Resources
Your balance sheet is screaming. Are you listening? The income statement gets a lot of love and attention. Sales are reviewed daily, and expenses are reviewed at least every month. How often are you reviewing your balance sheet accounts? Assets, liabilities and equity...
by admin | Jul 8, 2016 | Distributor Operations, Expense Reduction, Guides, Guides, Guides, Newsletters, Newsletters, Newsletters, Profitability, Resources, Resources, Resources
Traditional accounting measures the profit and loss of your entire business – the performance of the company at a division or department level. Cost accounting, on the other hand, gets down and dirty and measures the profit and loss of specific business... 
