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Rant Archives |

The Cash Flow Statement

As I have stated I am old.  When I went through college the Cash Flow Statement did not exist in it’s current form.  I was taught about the Statement of Change in Financial Position.  Quite different from the Cash Flow format. I understand the old statement was not...

Banks

Once again, I have been reminded why I need to work with more than one bank. I was looking to move my HELOC back to the bank where I do most of my personal banking. I moved the HELOC away from them because I found I had timed out, the cause for this was the banker...

Why do 90% of businesses fail?

I was doing a search for something else and the above statistic showed up.  I disagree with it, according to the US Bureau of Labor Statistics, only a quarter of businesses fail in the first year; and half die within five years. The rational for the failures given was...

Business success/fail rates

I was listening to a webinar drone on, and they had a slide that showed business failure rate, this went by quickly, so I looked up the data and found this: According to the U.S. Bureau of Labor Statistics (BLS), the failure rate for new businesses is: First year:...

My dad was not always right

Growing up my dad told me to do a number of things, at times I thought he was nuts. But in my dotage, I see the wisdom in what he said. Unfortunately, what he needed to do was explain it better to his dim-witted son better first. Yet, on one occasion I was correct,...

My dad was right

Growing up my dad told me to do a number of things, at times I thought he was nuts. But in my dotage, I see the wisdom in what he said. Unfortunately, what he needed to do was explain it better to his dim-witted son better first. When I was a teen, I was afraid of...

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