In previous posts, we brought the balance sheet into focus and then adjusted our aperture to focus on three important balance sheet analyses. Now we’ll take a closer look at one of the main sections of the balance sheet – Owner’s Equity.
Think of owner’s equity in terms of a time-lapse.
As we prepare to turn the calendar, I think we can all say that 2020 has been a unique and challenging year.
Many of the small businesses we know and serve spent much of the year in survival mode. Their primary focus was often trying to generate enough sales to pay the bills to keep the lights on.
The Balance Sheet provides a snapshot of a company’s financial position – what the company owns and what it owes – at a particular point in time, often at the end of a month, quarter or year.
Business owners, investors, and lenders use the Balance Sheet to assess a company’s financial strength and capabilities.[ Read More ]
“Once you stop learning, you start dying.”
We’re not aiming to be morbid with this quote by Albert Einstein. However, it illustrates the danger of becoming stagnant in our quest for learning and complacent in thinking that what we know right now is enough.
Over the course of this year,[ Read More ]
These are challenging times for employers and employees alike.
For most, the last several months have been anything but “business as usual.” Employers are putting in extra hours to adapt to government regulations and changing work environments. Employees are either working more or working less, along with balancing changes in their personal lives.[ Read More ]
Mistakes made by employees, as well as employers, can cost a business in many ways.
We’re not talking about expecting perfection here. We’re talking about repeated negative behaviors that, left unchecked, can have a profound effect on a business – employee morale, as well as the bottom line.[ Read More ]
With the outbreak of COVID-19, we understand how critical it is to protect the physical health of ourselves and others. Are we also considering how vital it is to protect our mental health?
We know that our mental health has a huge impact on our overall well being.[ Read More ]
Employees’ concerns at work have shifted rapidly in recent weeks.
Before the pandemic, employees ranked “meaningful work” as one of the most important aspects of their job. Now, a potentially deadly virus is lurking most everywhere. Employees are more concerned than ever before about their health and physical safety,[ Read More ]
Many businesses are shut down to the public during this time. Even if your employees don’t typically interact with the public, social distancing means that employees cannot continue to work within six feet of one another. Therefore, more employees than ever before are working remotely. This brings up challenges for employees,[ Read More ]