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Finance Library

Business Finance is one of the areas where CEOs and other business leaders do not have a clear understanding of some basic concepts … but we are committed to help you turbocharge your business with practical tips and techniques to improve free cash flow, the lifeblood of business.

Please check out the Featured Articles from our Business Finance Library to get you started. I hope you will also enjoy the e-book, Vanquish the Four Horsemen and Save Your Business.

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Happy Thanksgiving!

thanksgiving2

It seems like everyone is ready for a little R&R these days … and there’s no better time than the Thanksgiving holiday for a restful weekend with family and friends.

We can skip all of the pageantry for now ….

Thanksgiving kicks off a long holiday season … and … thankfully … it’s devoid of the frantic gift-buying, holiday card creation and party circuit pageantry that surrounds Christmas (unless you’re parked in a tent in front of Target waiting for the store to open).

Don’t get me wrong. There’s a lot of fun in all of that … but don’t we often get to the end of the Christmas season … exhausted, drained and looking for another holiday to REALLY get a break?

Leave your trials and tribulations behind

So, let’s enjoy the Thanksgiving holiday and take a moment to leave our trials and tribulations behind and reflect upon all of our blessings. We have a lot to be thankful for living in the greatest country on earth, with all of its blemishes, and for the families and friends who nourish our lives.

Savor these moments.

Enjoy each others’ company, catch a little football, watch Santa arrive in the Macy’s day parade … but don’t let the moment pass by without loving the ones you love and who love you … and enjoying and embracing the blessings that fulfill our lives.

Let the gratitude pour forth~

I offer my special thanks today to everyone who contributes to the blessings and favor that grace my life and extend best wishes to you for a restful and bounteous weekend with your families and friends.

Have a fabulous Thanksgiving holiday!

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What do Magicians, Grifters and Financial Legerdemain Have in Common?

It's the money

Magicians are pretty amazing, aren’t they?

They do stuff right in front of our eyes

… we’re on the edge of our seats …

expecting the unexpected …

and even then we have no idea how they just did what they did.

Somehow, he gets you to look one way while he’s doing something else right in front of you … and you completely miss it.

Watch Apollo Robbins, the best pickpocket it in the world, and you’ll see exactly what I mean.

Financial Legerdemain: A Magician’s Trick by any other name

I’ve always loved the term, “legerdemain”. The shorthand definition is “sleight of hand”, kind of “now you see it, now you don’t”. Like Apollo.

But when it’s applied to financial metrics, with an unstated intention of distracting you from focusing on the right thing, it’s a particularly destructive force.

It’s the worst if you turn it on yourself … and end up deceiving yourself about what performance metrics really count. Read the entire article to avoid a fool’s errand ….

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Quotation: Is Pricing a Powerful Tool, a Slippery Slope or a Crap Shoot?

Over the years, I’ve written often about pricing … an enigma wrapped in a conundrum for most businesses. It comes up in many contexts, from evaluating revenue performance, using pricing as a powerful offensive weapon and evaluating the slippery slope of price discounting. If you’re the buyer, this quote by John Ruskin neatly summarizes the pricing…

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Leadership | How Are You Paving the Road to Superior Performance?

Two-faced head statue

In Can Radically Different Cultures Produce Equally Great Results?, I posed the question: If measured by financial performance, can dramatically different organizations be equally successful? In this short series about culture development, we’ll take a look at how sound business principles and cultural patterns often collide within an organization’s walls. How can opposing cultures both succeed? In many…

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Leadership | Flying blind? Assume Crash Position!

Blindfold woman holding spoon with pile of pills

Do You Need to Start Your Own Bonfire? Barely 500 years ago, Girolamo Savonarola was an outspoken and strident critic of the current order, angrily vilifying the worldly possessions that tempted people to become sinners. He was ultimately excommunicated from the Catholic church, condemned for heresy, stripped of his priestly garments, hanged, and his body…

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Lewis & Clark didn’t load the canoe with Mojitos!

Nothing but LEADERSHIP

What Does It Take to be a Great Leader? Every Tuesday, we’re sharing valuable and practical leadership tips and tools to help you BE a better leader so you can BECOME a better leader. Remember … you won’t BECOME a better leader until you start BEING a better leader … implementing NOW the changes necessary…

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Why are the biggest challenges the hardest to kill?

Kills pests with pesticides

What Does It Take to be a Great Leader? Every Tuesday, we’re sharing valuable and practical leadership tips and tools to help you BE a better leader so you can BECOME a better leader. Remember … you won’t BECOME a better leader until you start BEING a better leader … implementing NOW the changes necessary…

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#100 – Building a Business: What have we learned in 4 years?

What Does It Take to be a Great Leader? Every Tuesday, we’re sharing valuable and practical leadership tips and tools to help you BE a better leader so you can BECOME a better leader. Remember … you won’t BECOME a better leader until you start BEING a better leader … implementing NOW the changes necessary…

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Business Finance | Pick a card … any card ….

Business Finance logo V6

New metrics to Define Financial Performance? In the tumult surrounding the 3D maelstrom (Debt Ceiling, Downgrading and Deficit) of several weeks ago, you may have missed another chilling corporate finance update on the relentless pursuit of performance metrics that extol the sunshine while you’re in the heart of darkness. Yes, there may be some economic value for…

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