For some businesses, inventory can be one of their largest assets and/or their largest expense. Poor inventory management can make or break a bottom line. Below are some benefits of proper inventory management: Improves cash flow: Purchasing inventory decreases cash. When inventory sits on the shelf too long it is basically cash not working for you. [...]
People either love or hate April. I personally like it for a few reasons: busy season is over, my refund check is in the mail, and the weather is changing. Not everyone gets to share in the same experiences as me since their busy season might be different, they may owe come tax time, or they [...]
“If you think it’s expensive to hire a professional to do the job, wait until you hire an amateur.” – Red Adair Too often, businesses rush into hiring decisions and do not hire the person that would be a fit for that business. The decision is usually made off the cuff due to a temporary burden [...]
Divorce can be a lengthy process that may strain your finances and leave you feeling out of control. But with the right preparation, you can protect your interests, take charge of your future, and save yourself time and money. You certainly never expected divorce when you cut the wedding cake--you and your spouse planned on spending [...]
Do you picture yourself owning a new home, starting a business, or retiring comfortably? These are a few of the financial goals that may be important to you, and each comes with a price tag attached. That's where financial planning comes in. Financial planning is a process that can help you reach your goals by evaluating [...]
Even before your children can count, they already know something about money: it's what you have to give the ice cream man to get a cone, or put in the slot to ride the rocket ship at the grocery store. So, as soon as your children begin to handle money, start teaching them how to handle [...]
This tool is for business leaders looking to define their organization's financial goals and build a path to achievement. This is a brand new tool for Mackey Advisors & we would love to hear your feedback on how it can be improved!
reposted from U.S. News & World Report by: Geoff WilliamsFebruary 1, 2013 Most personal finance experts will tell you to put money away for a rainy day, but what do they suggest if you're in the middle of a torrential downpour, just at the point your funds have virtually run out and the roof is leaking? While [...]
Tis’ the season for giving gifts, spreading joy & living in excess! Ikea Holiday Decor Here are 10 tips on how to become a lean, green holiday machine. We all love getting holiday cards in the mail, but this year save a tree and some money by sending out e-cards to your loved ones. [...]
Here is an English lesson for today . . . Conservation by definition is “Preservation or restoration from loss, damage or neglect”; Prosperity is “The condition of . . . having success, flourishing, being well-off”. That being said, one can see that in order to realize prosperity, conservation is needed. Whether you are choosing to conserve [...]