GQ Law

GQ Law/Coastal Estate Planning is a law firm based in San Diego and Orange County California. The firm specializes in estate planning, Wills and Trusts, Probate, and Trust Administration.

Analysis for Managers: Financial Ratios

Posted on May 31, 2017 by Gary

Analysis for Managers: Financial Ratios

Image result for financial ratios

If I were to tell you that someone weighs 75 lbs, you might say that he/she is a very light person. But what if I told you that person was a one-year-old? You would probably either fall off your chair, drop you phone on the ground or just flat out think I was bluffing.

And what if I told you that a certain company made a $1 million profit last year? Sounds like a big number, right? Does it change your perspective if I tell you that this company did $100 billion in sales last year? That’s only a 0.1% profit margin. Pretty slim in all reality.

The lesson here is a lesson on relativity. Measurement often becomes much more insightful when taken in context and shown with or in contrast to another measure. Weight to height, cost per square foot, profit to sales, short term assets to short term liabilities, etc.

Going along with our last post on cash flow, today we’re going to provide you with a quick list of places to go to find financial ratios that will help you dig a little deeper into your business’ financials. Here are three very useful sites on the subject:

Simple, easy to understand explanations of key financial ratios

Provides a quick reference guide separated by topic with easy calculation references

ZionsBank

A detailed guide to analyzing your small business financials—very helpful!

We hope these three resources, along with any others you find, will help you to do an even better job managing your business in order to keep serving your customers and taking care of you and yours.

situs togel

link slot

situs togel tepercaya

link toto macau

slot online

situs slot online

situs toto togel

pendidikan farmasi

link toto togel

situs toto togel

link slot online

link slot gacor

situs toto togel

situs toto togel

link slot maxwin

situs toto slot

link slot online

situs toto togel

situs toto togel

link slot thailand

situs slot gacor

situs toto togel

link slot gacor

link slot gacor

link slot gacor

karnatakacollegeofpharmacy

office-tops.office-roxx.de

link slot gacor

oswalgroup.net/about/

link slot gacor

pribram.casd.cz

Analysis for Managers: Cash Flow

Posted on May 30, 2017 by Gary

Analysis for Managers: Cash Flow

Have you ever been confused at the fact that you can sit at your desk and wonder, “How on Earth am I going to make payroll?” and yet the P&L (Profit and Loss statement) your accountant or QuickBooks just showed you says that your company is turning a healthy profit?

Welcome to cash flow problems!

This won’t be a completely comprehensive article on the subject but it should be enough to at least get you started or pique your interest. And for many, this will just be a quick review.

Below are four key points regarding the ever important concept of cash flow.

First: Understanding why cash flow analysis is important

Jonathan Moreland put it well when he said:

“At least as important as a company’s profitability is its liquidity – whether or not it’s taking in enough money to meet its obligations. Companies, after all, go bankrupt because they cannot pay their bills, not because they are unprofitable. Now, that’s an obvious point. Even so, many investors routinely ignore it. How? By looking only at a firm’s income statement and not the cash flow statement.”

A cash flow statement removes the noise of accrual accounting and helps us talk in terms of money in the bank here and now. This is essential because in business, “cash is king.”

Second: Building a cash flow statement

In most cases your accountant will be able to do this for you (but you may need to request it!) and oftentimes your small business accounting software will build one automatically. Do some clicking to find out.

For those who want to take on the exercise themselves (which is a fantastic way to truly understand), here is a helpful link.

Third: Analyze the information

The cashflow statement will end up giving you four net figures:

Cash flows from operations – how much money your company brings in and out during it’s day-to-day operations
Cash flows from investing activities – how much money your company brings in and out as a result of investments such as capital expenditures, purchase of securities, etc.
Cash flows from financing activities – how much money your company brings in and out from loans, outside investor capital, issuance of dividends, etc.
Net cash flows – the sum of them all, or the total net cash in the door

In addition to a standalone look at these metrics, another key here is benchmarking. You can compare to previous periods, other areas of the business or against key competitors in your industry. Just make sure that you’re using strategic benchmarking, or benchmarking against the best-in-class, rather than just an industry average. A good place to find industry benchmarking data online is found here.

Fourth and finally: Take action!

Now that you see where you’re netting positively or negatively in a given timeframe, or that you tend to dip into the red during certain periods of the year (using multiple period comparisons) or perhaps that you have some headroom when considering best-in-class performance, take action!

One important action you can take is to manage a cash flow budget. This can be as simple as listing your actual cash inflows and outflows over future time periods to forecast where there might be trouble. Then, have the discipline to either wait to spend or bring in some more cash.

After all is said and done, profit is still important but understanding exactly the money flowing in and out the door is equally as such (if not more). We hope this information has been helpful and that with this new skill set (or quick refresh) you can avoid that awful feeling of not having enough to make payroll and that you can have the power to grow your business into the future.

toto togel

slot gacor

link slot

situs togel tepercaya

link toto macau

situs toto togel

pendidikan farmasi

link toto togel

link toto togel

link slot gacor

situs togel resmi

situs toto togel

situs toto togel

link slot gacor

link slot resmi

link slot online

link toto togel

link slot gacor

situs toto togel

situs toto togel

situs slot gacor

jacktoto

situs toto togel

link slot gacor

link slot gacor

situs slot gacor

situs slot gacor

link slot gacor

link slot gacor

link slot gacor

karnatakacollegeofpharmacy

oswalgroup.net/about/

ateliercambier.be/politique-de-confidentialite

leslendemains.fr/activites-regulieres

The Measuring Stick: Determining the Strength of Your Workplace

Posted on August 30, 2014 by Gary

Image source: tothministries.org via Google search

Revenue, profit, sales volume – that’s easy enough for us to measure. But what about employee morale? Company culture? A manager’s effectiveness? Overall strength of a workplace? Now that’s tough. But, the Gallup Organization believes it’s possible, and so do I.

Over the course of 25 years Gallup studied these and other questions by interviewing over a million employees and gathering their answers to hundreds of similar questions. In the end, Gallup ran an in depth and extremely complex statistical analysis that ended up giving them the 12 questions that most strongly indicated the overall strength of a workplace. Here they are:

1. Do I know what is expected of me at work?

2. Do I have the materials and equipment I need to do my work right?

3. At work, do I have the opportunity to do what I do best every day?

4. In the last seven days, have I received recognition or praise for good work?

5. Does my supervisor, or someone at work, seem to care about me as a person?

6. Is there someone at work who encourages my development?

7. At work, do my opinions seem to count?

8. Does the mission/purpose of my company make me feel like my work is important?

9. Are my co-workers committed to doing quality work?

10. Do I have a best friend at work?

11. In the last six months, have I talked with someone about my progress?

12. At work, have I had opportunities to learn and grow?

Interesting, right? Now, these questions are in hierarchical order, meaning that number 2 is basically irrelevant without number 1 but once number 1 is at a solid rank (on a scale of 1-5) of 4 or 5 then you can move on to improving the following scores.

At first sight, some of these questions may seem either too simple (perhaps # 2) or a little irrelevant (perhaps # 10). But think about it. Can you imagine being a construction worker that doesn’t even feel like his nail gun works right? How excited is he going to be to get up and frame a house, knowing that half the day he’s going to be fighting with the compressor? Or what about the graphic designer who’s computer freezes all day long? And imagine the amount of commitment and low amount of turnover you’d have if each employee felt like he had a best friend at work. He would be happy to go each day.

As always though, remember that there is an order to these questions, the employee that has a best friend at work but doesn’t feel like she gets to do what she does best every day, may end up with a lack of productivity. Similarly, that employee may be bought into the vision of the organization (# 8) but may feel like she has no idea what is expected of her every day (# 1). Gallup recommends that we as managers start with the first 6 questions and then move up the ladder from there.

As always, here at GQ Law, we know what you expect of us, we have the resources and it’s what we do best. We look forward to helping you take care of all of your tax and legal questions, so don’t hesitate to call. We’re committed to quality work. Hope you’re enjoying the Summer!

For a more in depth review of this topic, see, “First, Break All the Rules” by Marcus Buckingham and Curt Coffman.

jacktoto

jacktoto

jacktoto

kawi898

situs togel resmi

link toto macau

togel resmi

situs togel

pendidikan farmasi

link toto togel

link toto togel

link toto togel

situs toto togel

link slot gacor

link slot resmi

link slot online

situs slot gacor

link slot resmi

link toto togel

link slot gacor

situs toto togel

link slot resmi

slot online resmi

situs toto togel

link toto togel

situs toto togel

jacktoto

situs toto togel

situs toto togel

link slot gacor

link slot gacor

link slot gacor

link slot gacor

kinsale.cork.anglican.org/about/how-to-find-us

ateliercambier.be/politique-de-confidentialite

leslendemains.fr/activites-regulieres

Crowdsourcing for Small Business- Maximizing Your Time

Posted on July 21, 2014 by Gary

Crowdsourcing for Small Business

Now that’s you’ve read through GQ’s e-book Accidentally Self Employed and met with him to set up the right business format, you’re on your way to small business success, right? Well, at least you’ve gotten over the first hurdle.

According to the Small Business Administration only about half of all small businesses make it past the 5 year mark. Gary and the team here at GQ Law want your business to be one of those 50% who make it. We’re going to be posting a series of tips and tricks to help keep your small business in the green. Read on about our first trick: crowdsourcing.
Continue reading →

Before Launching a new Business: Test the Waters

Posted on March 25, 2014 by Gary

Its easy to get carried away when the light bulb goes on and a great business idea pans out in our minds. Experienced entrepreneurs warn: text the waters first. Here are some ideas of ways you can “test the waters” before diving in to a new business venture.

Check the Waters

Before getting in too deep, survey the scene. Are their already companies selling the same or a very similar product or service? How will your product/service be different and attract customers?

Survey the Scene

Talk to people: Hunter Walk, former YouTube executive suggests you ask people standing next to in a public place like a grocery store or coffee shop if they have a need for your product/service. He warns, if you’re not willing to go out and talk to strangers, you may not be up for the challenge of starting a new business from scratch. This will also help you practice and refine your pitch. You may find that you need a different way of describing your product or service in order to help people recognize their need for it.

Start Small: You may want to try selling your product on a smaller scale such as at local markets or on an easy to set up online shop on sites like Esty.com or BigCartel.com. Those initial months of selling and tracking will help you pinpoint what customers really want.

Try Email: Email contacting is another inexpensive way to sample potential customers. Research to find contact information of potential customers and contact them asking for feedback. This method may also connect you with some potential investors. For example, if you want to start selling accounting software, you might look up some of the top accounting firms and contact executives for their feedback.

For more tips and help in starting your business, follow this link to get your free copy part 1 of Gary’s new book “Accidentally Self-Employed” or call him at 858-549-8600.

pmtoto
pmtoto
pmtoto
bento4d
bento4d
situs toto slot
bento4d
bento4d
bento4d
bento4d
bento4d
bento4d
bento4d
bento4d
slot thailand
slot gacor
bandar togel

cabe4d

toto togel

jacktoto

situs slot

situs toto macau

jacktoto

link slot

situs togel resmi

situs slot online

situs togel tepercaya

link toto macau

situs toto togel

situs toto togel

pendidikan farmasi

link toto togel

link slot online

link slot gacor

situs togel resmi

link slot resmi

situs toto togel

link slot gacor

situs slot resmi

situs toto togel

situs toto togel

situs toto togel

situs toto togel

situs toto togel

situs toto togel

situs toto slot

jacktoto

link slot gacor

situs toto togel

link slot gacor

e2mc.space/investors/

karnatakacollegeofpharmacy.com

link slot gacor