Innovation on Steroids.

Nothing is more inspiring than to see how founders and leaders alike have found innovative ways to right the ship or build a new one.They are powerful reminders for you to take nothing for granted … think originally … always try and never say die.Here are 2 great examples. Bringing…

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Valuable Advice for 2022

Jeff Bezos, Founder and Chairman of Amazon, and Nick Saban, football coach for the Alabama Crimson Tide, are legendary leaders with some valuable counsel to help you succeed in 2022. https://youtu.be/WRUqXZx5EUM 5 Minutes for Your Next 50 years Jeff Bezos, as I’m sure you know, is the founder and chairman…

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Business Finance | Are You Ready for an Injection of Financial Adrenaline?


If you’ve ever exercised by lifting weights, you know that the amount of the weight on the bar is only one variable that needs to be considered for a particular exercise
If you’re doing a bench press, you can add more weight because your chest and shoulder muscles help your arms to lift the weight
But if you put 50% of that total weight on each of two dumbbells, you can’t lift either one
You’ve probably also learned that you can’t use the same weight for curls as you do for bench presses

How much weight can you really lift?

[pullquote]“Make everything as simple as possible, but not simpler
” ~ Albert Einstein[/pullquote]
Likewise, if you’re going to do only one repetition, you can handle more weight than if you’re going to lift it ten times
If you are lying flat, you can do more than if you’re lying on an angled bench
And if you’re going to do more than one set, you’ll probably have to reduce the weight further so you’ll still be able lift it when you’re in the third set
Are you trying to build strength or develop endurance? Are you trying to lose weight or improve your golf game?
All of these variables make a difference
 

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Continue ReadingBusiness Finance | Are You Ready for an Injection of Financial Adrenaline?

Business Finance | Have you met the Scavenger’s Daughter?

financeImpressing your bank less important than being able to hit targets

The Scavenger’s Daughter? Might be the name of a lost Dickens novel … or an indulgent misnomer for a  the infamous rack that not only stretched but crushed its victims during the reign of King Henry VIII.
Thumbscrews, pilliwinks, breaks and the tormento de toca were other methods used to punish those that broke their “covenant” with the King.
Fortunately, those punishments are relegated to history’s ash heap … at least I’m pretty sure that banks aren’t using any of these default provisions.

Compliance with financial covenants

Compliance with financial covenants, however, has never been more important. Today, banks have an arsenal of covenant choices that are used as an early warning system to alert participants to potential problems that may jeopardize their financial well-being.
It’s important to recall that covenants are based upon the forecast you have furnished to the bank. So, while your forecast describes your best judgment about the realistically achievable scenario you expect, it also sets the boundaries for the bank’s expectations.

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