After the successful cloning of dinosaurs through genetic engineering, you are ready to sell your company, International Genetic Technologies, Inc., and make a profit. Unfortunately, after looking at the financial books, buyers aren’t willing to pay what you had hoped. While you are disappointed to lower the selling price of your company, you agree to…
You are captain of a cruise ship, sailing on smooth waters that reflect the starry night sky on its mirror-like surface. To make it to your destination on time, the ship is sailing full steam ahead and you’re confident that you will make it to port on time. Everything is smooth sailing until you suddenly…
It’s time for your quarterly meeting with your accounting team – your contracted bookkeeper and your accountant. While you are getting settled at the meeting room table, you overhear the two of them talking… “Hey, Jerry. Did you reconcile the A/P aging to the G/L?” “No, I haven’t gotten around to it yet because I…
Ghostbusters, LLC has been serving Booville for five years and is steadily growing due to a rampant ghost problem in the area. In fact, word is quickly spreading about their efficient ghost busting techniques and they are now getting consistent requests to service the adjacent neighborhood of Howlville to help with the beginnings of a…
“Hello, this is Ski Bank. We’re calling because an unusual purchase has shown up on your credit card. Can you confirm that you purchased a hot tub time machine for $8,000 yesterday?” Unless you love recreating ridiculous plot lines from your favorite movies, a phone call like this will probably cause a pit in your…
Ever since I was a kid, I asked a lot of questions. I was the girl with braces, a backpack full of books, and a never-ending arsenal of questions that made even the most patient of adults have to take a deep breath before they answered yet another inquiry from my curious mind. This trend…
At Dunker Muffin Paper Company (see what I did there?), everyone is up in arms about the most recent first quarter accounting reports that were just released. The sales team is convinced that the accounting department has incompetent employees and the accounting team is playing defense, adamant that their processes and ways of record-keeping are…
As a 16-year-old who was old enough to drive and old enough to date, my parents instituted a curfew. I was to be back home before 11pm on Fridays and Saturdays. The curfew was short lived, however, because after only two weekends of this new house rule, my parents realized they didn’t want to stay…
Brush your teeth! We all know that this is a principle to live by. And yet, everyone does it a bit differently. Fannie Mae brushes her teeth using the American Dental Association’s guideline: for 2 minutes, twice a day, with a soft bristle toothbrush. She uses an electric pink toothbrush. Sally Mae brushes her teeth…
At the end of each year, it’s customary to pause and reflect on the past 12 months, both personally and professionally. As leaders and business owners, it’s also a critical time to remember all that you’ve learned about growing your business, and commit to healthy financial practices in the year to come. It’s been an…