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Recent Posts

May 15, 2017

 Welcome back!

In my last blog post, I talked about how cost accounting can't and doesn't create a complete picture of your operating and financial environment, especially when the focus is on making money.  

Being blindsided is a common sports metaphor that also has bus...

May 1, 2017

The world exists in 3-D.  What would it look like in 2-D?

Welcome back!

I regularly point to the notion cost accounting is useless from a cash/making money perspective.  Over the weekend, this metaphor came up that offers one interesting example why.  Well, I think it's...

April 11, 2017

This morning, I read a report that longstanding Japanese company, Toshiba, may have to close its doors.  Why?  Not making money.  

Businesses must make money to exist.  The common proxy for assessing how much money a company has made is profit.  Question. "Is...

April 2, 2017

If you are about making money, don't look to accounting profit to tell you whether you are.  It doesn't work.  Why?  Two reasons.  First, the math is as questionable as a three dollar bill.  Second, making money is about cash, and profit does an extremely poor job mode...

March 29, 2017

In his book, The Goal, Eli Goldratt argued companies are in business to make money.  Others have challenged this notion citing personal interests, exploring ideas, responding to market needs, or addressing social responsibilities as reasons to be in business.  Regardle...

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