So now we know… there are two kinds of financial statements…the one that everyone loves better known as the Income Statement and the one that no one ever really pays attention to better known as the Balance Sheet.  But we also now know that both...

We know that we have the Income Statement and the Balance Sheet. We know that we have Accounts Receivables and Accounts Payable. We know that we have Net Income and potentially Net Loss. But did you know that you have Direct and Indirect Labor?Did you...

Timing in business is everything. If it’s not us personally wanting something right now, it’s our customers. Queen states it very clearly with the title of their song “I want it all” - as the song states “I want it all, I want it all,...

If the leadership of a business is uninformed and fails to make proper decisions for the business the business will fail. Do you know how to insulate yourself and your business from making those mistakes? What part does your accounting practices play in this?...

A journey is the act of traveling somewhere – as the adage says “life is a journey”. Being a business owner let’s take that to one step further – “business is a journey”.Business is always traveling – forward, backwards, sideways or maybe even upside down....

Critical mass is the minimum amount of something required to start or maintain a venture. The minimum amount! Hmm let’s think about that for a moment….Within business we never want to have just the minimum amount of money to pay our bills. Nor do we...

The average worker stays at a job for an average of 4.4 years, according to the most recent data available from the U.S. Bureau of Labor Statistics. Millennials expect to stay in a job for less than three years. Here at Applied Management Group Inc....

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