Risk vs. Reward: It’s About Choices.
We’ve all heard about the relationship between risk and reward in business – the higher the reward, the greater the risk that inevitably follows it. Nowhere is this more true than in real estate investing. Well, maybe crypto stocks are still ahead, but in real estate you have choices that aren’t all in or all […]
Cash Management According to ChatGPT
“Cash management is a critical function for any business, involving managing cash flow to meet financial obligations, invest in growth, and succeed in the long-term. Effective cash management is vital to maintaining financial stability and avoiding cash flow problems that can negatively impact the business. It also enables businesses to free up cash for investment […]
Marketing Spend: Which Half is Wasted?
Those of us who have spent our careers in the financial world have been working with a quandary for many years: It’s very important to invest in marketing, but only in the marketing that works. And, as most marketing experts will tell you, “You only really know if it works after you spend the money.” […]
Safe or Easy – Pick One
North Korea-backed hackers stole $1.7bn (£1.4bn) of crypto in 2022, says blockchain analysis firm Chainalysis. For context, North Korea’s total exports in 2020 totaled $142m worth of goods, so it isn’t a stretch to say that cryptocurrency hacking is a sizable chunk of the nation’s economy. The (Justice) department said it had successfully prevented […]
Read Between the Lines
As I sort through our daily barrage of emails, I see more than a few offering webinars or workshops or white papers promising to help business owners learn how to read their financial statements. All very nice and certainly addressing a need we frequently see when we take on new clients. But none of them […]
The risks of aerospace manufacturing
An area of manufacturing that has seen dramatic ups and downs over the past few years is aerospace. Commercial aircraft orders fell during the pandemic as people stopped traveling. Then everything opened up again and people started traveling even more than before the pandemic. Airlines started ordering more planes with more fuel efficiency and lower […]
Will you lose your job? Your company?
I have written before about my concerns about AI, ChatGPT and the like, and even used it to write one of my posts (with full disclosure, of course). Today’s post goes into more depth about the potential risks from AI, not just from a security standpoint but from the viewpoint of job security and […]
Risk Management and the Market
A friend and I were discussing our respective investment approaches this week. He is happy with having a lot of cash in safe investments such as CDs and money market funds earning around 5%, a position with which I agree. He also holds marketable securities for which he is hoping for a 5% return this […]
Cybersecurity is (not) our problem
One of the ways I try to make a difference in the world of business is by serving on boards of directors, both fiduciary and advisory, for privately owned companies and nonprofits. A year or so ago I raised the issue of cybersecurity for one of our larger clients, a large operator of franchised […]
Don’t let your money sit idle.
Many companies have come out of the pandemic/inflation/fed counterattack in a great position with more cash on their balance sheets than they expected, or needed, to run their business effectively. For some, that comfort has led to complacency, letting the cash sit in their business checking accounts ready on demand for any new venture, or […]