Years ago, as The Plumber's Wife, I jumped into the family business. I figured that my husband, Hotrod, would turn wrenches, I would answer the phone and pay bills, and we would get rich. Easy peasy, right? Wrong. We dug a deep hole of debt and struggled to make payroll. Of course, [...]
Financial Statements – The UN-Complicated Version! When I first learned how to read and use financial reports, I would assemble the information to show my partner and husband, Hot Rod, how we were doing. I’d cover his desk with pages and pages of financial reports. His eyes would glaze over. One day he [...]
The end of the year approaches. Time to assess progress and get ready for a fresh start and new year. NOW is the time to clean up your accounting messes. Like being physically fit, fiscal fitness requires a bit of focus and discipline. The numbers may not be way off. So you and [...]
Imagine…you discover the certified letter in your mailbox from the IRS, announcing you have been selected for an audit. No worries! Once upon a time, I made a “Slinky-knot” mess out of my QuickBooks™ file. Fear of an audit – and a growing pile of unpaid bills – encouraged me to get it sorted out. [...]
Business is pretty easy. I wish we taught accounting and finance basics in sixth grade. Alas, I didn’t even learn how to balance a checkbook during my high priced stint at a private college for a Business Administration degree. However, once I learned business basics – stumbling through our family business and with the help of great [...]
Perhaps you’ve opted for the stay-at-home lifestyle. You can get by on one person working and you are prioritizing children and family. Very cool! However, are you putting yourself at risk financially? Stuff happens. What if you were suddenly single? Would you be just fine? Or would you have to dig yourself out of a [...]
Once upon a time, Business Mogul Warren Buffett bought the Washington Post newspaper. The previous owner and publisher at the time was Katharine Graham. Her father built the paper and transitioned it to Phil Graham, Katharine’s husband. Katherine took on the publishing duties when her husband committed suicide. She guided the newspaper to editorial greatness, [...]
