01/8/19

Accounting Thinking for Startups

I hate accounting, but I love orderly accounts. I love it when the checkbook, the bank reconciliations, the cash receipts/disbursements journals, and the balance sheet all agree. Takes a bit of sleight of hand to make that happen, but I love it.

As a startup CEO, you need to get a good handle on how accounting works. This blog post is not going to teach you accounting, but it is going to give you the Stations of the Cross as it relates to what you do from the perspective of accounting.

Ready?

First, accounting can be a little time consuming and boring. As a CEO, never, ever, ever get involved with it. In your early days, hire an arm’s length bookkeeper and have them put your operation together on QuikBooks. [Pro tip: You could run the Pentagon on QuikBooks Enterprise, so don’t let anybody tell you it isn’t robust enough for your enterprise.]

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01/4/19

Jobs

Big Red Car here on a Jobs Report Friday. Hey, have a great weekend.

So, I was a little concerned about the December jobs report — because of the dipping stock market, the election results, the Fed’s moves, the general tenor in the air.

No reason to be alarmed, apparently.

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01/3/19

PRC v ROC

Big Red Car here, thinking of having Chinese food for dinner tonight, which of course brings me to the issue of the PRC (People’s Republic of China, the Communists) v the Republic of China (the democratic capitalists, Taiwan).

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Taiwan is separated from Mainland China by the Taiwan Strait, 110 miles — not much warning time in the event of an attack.

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01/3/19

Inspiration – Beginning a New Year

Big Red Car here on a brilliant, sunny Thursday in the New Year. 2019, YOUR year!

Every new year I look for inspiration and for inspiration for my clients. I always find inspiration in Churchill. Surprised?

No, the guy saved the Western World from the scourge of the Nazis at a time when the English had gotten their teeth kicked in by the Germans in France.

After he had overseen the cobbled together evacuation of the English army by pleasure boat across the Channel, he was faced with leading a scared nation whose army had left their heavy weapons in France.

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Look into those eyes. See what it looks like to stare down evil, to deliver a message to the Nazis of ultimate, complete, total, unconditional surrender.

Hitler was readying an airborne and seaborne invasion of England called Sea Lion.

So what did Churchill do?

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01/2/19

The Budget of the United States of America

Big Red Car huddled in front of a fire in the 37F ATX, brrrr. Today we talk budget, budget of the USA.

OK, so the dirty little secret is that we don’t really have a comprehensive budget to run the USA; we have a series of Appropriations Bills — twelve to be exact.

Huh, Big Red Car?

Image result for images us capitol

It looks so peaceful, doesn’t it?

Yes, so, let’s dig into it, shall we?

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