The Lighthouse | small business

When Businesses expect a period of Low Cash Flow

By Erik Zimerman On May 16, 2017 · Add Comment · In The Whiskey Room

As many an experienced businessman knows, being great at what you do is only part of managing a successful business. From successful marketing to human resource management, there is a lot required for your success. Perhaps nothing is as fundamental however, as proper cash flow management. Many otherwise successful businesses fail because of a failure in cash flow management. Small and medium businesses can often find themselves fully occupied, selling their goods or services at a profitable margin, with their owners working hard day in and day out happy to see so much profitable activity, only to find themselves unable to pay basic expenses at the end of the month; and then descending into a death spiral as cash becomes less and less available. Proper accounting, administration and long-term cash flow management are incredible important, and necessary to match up income streams with expenses (who often have very different cycles and schedules), but also to be able to recognize what is and is not working in the company. Very often orderly analysis of the numbers will reveal very different profitability or even loss of different parts of the business than what one would expect. When we do accounting, and cash [...]

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Obama’s tax hike on Small Business, and Fact Checking the “3%” Claim

By Erik Zimerman On October 16, 2012 · 3 Comments · In Against the Wind, The Whiskey Room

In a previous post, we took on the media’s “Fact Check” effort in the first 2012 Presidential Debate. One consistently tricky argument was the issue of Obama’s tax hike on the top 3% of small business. Romney accepted this figure, but countered that these few provide half of the jobs in the small business world, and a quarter of the total US jobs. Therefore raising taxes on them would hurt the economy and job creation right when it is needed most. In that previous article I stated that Romney was generally correct, as the pattern gathered from various sources of evidence showed that it is the top brackets of small business that disproportionately provide the bulk of the jobs in the category. However, thought it was clear that the tax rate would hit businesses that create a large number of US jobs, verifying the exact 3% to 50% statement proved to be difficult. No data seemed to be easily available which could provide that level of precision, though no data discredited the claim either. It could be said to be correct in spirit, as well as most likely in the ball park range as far as precision. Some astute [...]

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When Businesses expect a period of Low Cash Flow

Obama’s tax hike on Small Business, and Fact Checking the “3%” Claim

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When Businesses expect a period of Low Cash Flow

Obama’s tax hike on Small Business, and Fact Checking the “3%” Claim

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