Archive for December, 2010


Standard Cost Absorption: It’s Time to Update our Thinking

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Factoring – There’s Another Side to this Coin!

While factoring is an important source of financing for many companies, there is another side to this coin. Personally, I cannot accept the assertions in this article without significant caveats. Please read this article, then see my comments below it.

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Five Sure Fire Ways to Kill a Wonderful Business

Only five ways? Well, there must be more than a hundred sure fire ways to kill a wonderful business. But let’s start with five.

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‘Tis the Season – Budget 2011, But Make Sure You’re Ready with Plan B

Below this article, please read my comments also… 2010 is coming to a close, and its time to get serious about having your 2011 plan in place. And I’m not just talking about a revenue target or a net income budget. You can do so much better than that, and you’ll be surprised how much […]

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Competition is alive and well

Often we in developed countries feel that we have a competitive edge compared with other countries. But we cannot rest. Actually no one can rest. The world is a very dynamic environment. Below is a video clip that I found very interesting and motivating. It shows major trends in income and health. While some may […]

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Where to Find Cost Savings

As a financial controller, one of my responsibilities was to find cost savings opportunities. My route was to look at the financial statements or general ledger results. Usually this was the wrong place to start looking. As I thought about it, I realized that numbers in the general ledger were results and I needed to […]

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Save Cost thru Video Analysis

I like the idea of taking a video of a process or process step. With today’s cameras a video would be a very inexpensive tool. However, I would show it directly to the operators and seek their comments about the process. Especially as a team, they can then apply their own intelligence and experience to […]

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Why worry about Cost?

Cost – We hate it – We love it. Our cost is someone else revenue. Our revenue is someone else cost. We must spend money(cost) to make money(revenue). The trick is to keep more of what we make by making sure we spend wisely. This is what this site is all about. How do we […]

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