Financial Tips

Why do you pay tax when there is no money in the bank? Most of us in business know the term “Cash is King”, but fewer of us know the difference between profit and cash. As an accountant and business coach these two terms go hand in...

Let's start with the obvious question: Why the constant references to jaws? Jaws, in a financial sense, are a visual description of the state of your finances, derived from plotting revenue and expenses trends on X and Y axes. As such, they are an important...

A good example of improving the productivity of a fixed asset is the rent McDonald's pays. Let's say a McDonald's franchisee pays $100,000 in rent per annum and is open from 7am to 7pm. If she can open 24/7, as many now do, the fixed...