Duct Tape Marketing’s Top Blogger Interviews Harvey Goldstein

This very informative interview and podcast about Business Budget Forecasting appears on John Jantsch’s Duct Tape Marketing Blog channel. The interview includes valuable information for small businesses and entrepreneurs to help them manage critical Cash Flow Forecasting challenges. It also includes coverage for Harvey’s book, “Don’t Bust The Budget, Toss It!”  

 Click this link for John Jantsch’s review of the interview.
http://www.ducttapemarketing.com/blog/2008/06/02/up-your-cashflow/

Or Double Click the Play arrow to hear the entire informative interview.

The “B” word…Budgets…A waste of time

Budgets in entrepreneurial companies don’t work. Sooooo don’t bother. Feel better?

Yes, I’ve spent a great deal of my personal life developing a software program that can be used to prepare budgets and I think budgets are a waste of time. Forget budgeting. Predict.

It is crucial for management to know at all times what is going to happen. The only document available to provide management a clue as to what lies ahead is a well thought out dynamic (always changing) financial forecast.

Tired from sleepless nights? Do you know what keeps you up? Fear of the future. Not knowing what is going to happen.

Do you love you the accountant who keeps telling what has happened? Wouldn’t they be more valuable if they tell you what is going to happen? You can’t change the past but you certainly can change the future.

At all times you must always know the answer to these 3 crucial questions:

1.       How much cash will you need?

2.       When will you need it?

3.       Where will you get it?

The dynamic forecast should consist of a forecasted Profit and Loss, a forecasted Cash Flow and forecasted Balance Sheets. All three are a must. Why only predict the Profit and Loss when it’s the cash flow that will keep you up?

Remember the only thing you can manage is the future. The more you know about what is going to happen the more effective you can be as a manager.

So forget about budgets. Keep an eye on what lies ahead.

We would like to receive comments and questions… lets have some fun!

 

A Book for Every Business Library – Yours Free

I just finished reading a book that belongs in every business person’s library. It’s not a textbook, and it’s not a book that’s hard to read. In fact, it was very easy to read, surprisingly. This book goes over some of the most fundamental aspects of business and accounting, but it sheds light on issues that entrepreneurs and business owners face every single day. 

This book, “Don’t Bust the Budget, Toss It,” written by my good friend, Harvey Goldstein, is very well done and it’s very insightful. I’ve known Harvey for nearly 10 years — he is one of the most respected and well known accountants in Southern California. As the chairman of one of the largest accounting firms in the state for nearly 30 years, Harvey has seen it all. There isn’t much in the accounting and finance world that Harvey hasn’t experienced.

He has his finger on the pulse about how entrepreneurial companies work, and he’s quick to share those experiences, both positive and negative, in his book. He uses terrific examples. He uses language that is easy to understand, and he makes the point of how important it is for entrepreneurs to manage their money, their cash flow, and their life. Otherwise, everything that they work for will simply go down the drain.

I strongly recommend this book be a part of every business owner’s library. And to demonstrate how much I want you have it, I have arranged for you to get a PDF version for FREE. There are no strings attached. You can get it by clicking on the link www.upyourcashflow.com and following the instructions. Do it now before the offer expires.

Whether you’re a beginner just getting organized or a long time entrepreneur, you’ll take hard-to-get and valuable insights away from this book. Remember, I was a CPA and I took insights away from this book. I promise you that there are tons of little nuggets in this book for you.

Go right now and follow this link www.upyourcashflow.com and get a FREE copy of Harvey’s book. Tell him that I sent you; if you decide to purchase a hard copy – and maybe he’ll autograph it for you!

About Joel G. Block

Well known in the business community, Joel Block is a best selling author, speaker, and business strategist. Frequently a principal in his transactions, Joel has raised tens of millions of equity dollars for his ventures, which have included real estate syndications and privately held businesses.

Joel’s career is highlighted by the launch of a financial publishing company which he grew nationwide and later sold to the Los Angeles Times. More recently, Joel works with scientists, engineers, technologists and others to help them optimize their entrepreneurial opportunities. Would you like to get a private phone consultation with Joel? Visit www.joelblock.com/capital for details.

Go Out And Stake Your Claim!

P.S. To discover how to gain capital to grow your business exponentially
please click here ==> Business Capital Movies

View the article on Joel’s site here:

http://www.joelblock.com/blog/60/a-book-for-every-business-library-yours-free/

If you have articles, press releases that are relevant to our products and services, please let me know.  We would love to include it in our blog!

Microsoft Excel Has Math Problems!

January 25th, 2008

Microsoft Excel Has Math Problems
Redmond, Wash. (Oct. 1, 2007)
By WebCPA staff

 

Microsoft has identified an odd bug in Excel 2007 that incorrectly displays 100,000 as the multiplication result in a cell when the answer should be 65,535 or 65,536.
 
Microsoft employee David Gainer wrote in a posting on the Microsoft Excel blog that calculations such as 77.1*850 and 5.1*12,850 produce the wrong result of 100,000 instead of 65,535. That happens with 12 specific calculations. However, the answer is correct with some other computations, such as 65,535*1 and 16,383.75*4.
 
The problem is related to Excel’s handling of floating point numbers between 65,535 and 65,536. However, it is really only the display of the result that is affected. The result of the calculation stored in Excel’s memory is correct. If the result is multiplied by another number, the final result will come out right.
 
Microsoft has already produced a fix for the issue but is still testing it to make sure it doesn’t lead to other problems. “We take calculation in Excel very seriously and we do everything we can in order to ensure that calculation is correct for all cases,” wrote Gainer. He plans to post the fix on the Excel blog when it’s ready. For more information, go to http://blogs.msdn.com/excel/. 

 

 

Today is the start of good things to come.

For years business owners have struggled with developing a strong financial plan.  This is in due to the fact that the financial plan is so cumbersome and time consuming. 

The wait is over.  We introduce to you www.gohagit.com.  The trusted one-stop shop for people who need a solution but don’ t have a lot of time.  Just send us your information, and we’ll do a cash flow forecast for you.  All work is overseen by the President and CEO of GoHagit, Inc. and the former managering partner of one of the largest CPA firms in California. 

It’s time. Do it now.  We are in some troubled waters.  Wouldn’t you like to know where you’ll be financially if and when you get through it?