One of the questions I see the most is “why are banks so reluctant to loan to a technology company?” Where there are several answers for this, but the main one is “they don’t like things they can’t get their hands on.” Banking today has come far from what it was 10-15 years ago. MobileContinue reading “Tech Companies – Not For Your Grandfathers Bank”
Monthly Archives: May 2008
Taxaphobia – The Fear of Taxes
“The nation should have a tax system that looks like someone designed it on purpose.” ~William Simon Why are people so afraid of the subject of tax? Everyone has to pay them, some how or another. It doesn’t help AT ALL to plead ignorance. I’ve been noticing an upward trend the last few yearsContinue reading “Taxaphobia – The Fear of Taxes”
Time Wasted vs. Ethical Decision Making
It must be human nature, but people always look for shortcuts, especially when it comes to government standards and ethical boundaries. I do contribute this a great deal to performance. The sales person trying to get that last sale in before the deadline, money that is hidden for taxing or transfer purposes, contracts not followingContinue reading “Time Wasted vs. Ethical Decision Making”
Margin and Markup and two different things!
I know they both start with “M” and they both are used pretty frequently together. Other then that, they have entirely different meanings and one can hurt the other. Margin: The percentage margin is the percentage of the final selling price that is profit. Markup: A markup is what percentage of the cost price youContinue reading “Margin and Markup and two different things!”
Read the fine print on the contract!
I review contracts frequently. It’s part of my job. I’m not a lawyer, but I need to protect my company. I have an understanding, through a finance and accounting basis, that I am obligated to protect. Aside from that, I also feel that businesses have to apply common sense and basic protection with any contract theyContinue reading “Read the fine print on the contract!”