Ineffective meetings are meetings with no real agenda or purpose. This is also a big time waster. Provide an agenda for each meeting. Stay focused on the goals at hand.
This sounds like pretty basic information, but it can be tough to find. Most companies offer more than one product; a big conglomerate might offer hundreds of different products in a range of industries. Digging into the company’s lineup can give you a better sense of the forces that will drive its results.
Being able to track a declining margin can give you a heads-up that you must adjust your prices or your costs. In the worst cases your gross profit and profit margin disappear altogether. At that point, you’ll be like the fellow who lost money on every sale but figured he could make it up in volume. Don’t do it.
In closing, rehabbing houses can offer a huge return, but also be a lot of work. You might make money, you might loose money. I offer a Mastery Fast Track Program for serious investors that offer a full rehabbing system and unlimited support throughout the process. You will more than make up for the cost with the money you save on the very first rehab. It’s critical to have a highly experienced partner on your side that can walk you through the process, that you can lean on anytime.
ASSETS: The ‘stuff’ the company owns. Anything of value – cash, accounts receivable, trucks, inventory, land. Current assets are those that could be converted into cash easily. (Officially, within a year’s time.) The most current of current assets is cash, of course. Accounts receivable will be converted to cash as soon as the customer pays, hopefully within a month. So, accounts receivable are current assets. So is inventory.
The first column heading is “Wealth Building Activity”. What do you want to accomplish this year? Write down 3-6 wealth building activities. These can include items that you already have in process, are incomplete, or haven’t been started yet. For example, you can list “Develop a lead generation process”, “Buy a duplex rental property”, “Invest in the stock market”, “Outline tax strategies for my business”, or “Put together my personal financial statements (balance sheet, cash flow examples, income statement)”.
That means, if the husband has better understanding then he should shoulder the responsibility and vice versa. But the catch is; how do we determine which one understand financial better?
There is a new consolidation program available to students that will last until the end of June. It allows you to lower your interest rate by 0.25% for consolidating, as well as another 0.25% if you choose to make automatic payments each month. This is a great way to lower your total costs even if it is only 0.25% – 0.50%. Every little bit helps, especially with larger loan balances.