Archive | February, 2025

How many times have you read about the huge amount of wealth tied up in baby boomer-owned small businesses that will transition in the next few years? And by transition, I mean they will be sold or gifted in the next few years. I must have read such articles a hundred times and you may […]

Today (January 14, 2025) marks the 15th anniversary of starting my consulting practice. On January 14, 2010, I started with B2B CFO. In October 2015 I went on my own and that has made all the difference. Why am I still working? There are several reasons below. I Work For Myself Working for myself and […]

What better book to review than James Clear’s Atomic Habits when we’re starting a new year and making resolutions we will almost certainly not keep? Maybe we can be more successful with the guidance of the author and his book. This book has almost become a standard in business literature, as it should be. It […]

Philip Koopman, Ph.D., is a professor at Carnegie Mellon University and an expert in the field of autonomous vehicles. The subtitle of his book is Measuring and Predicting Autonomous Vehicle Safety. I started reading this book with questions. After reading the wonderful book Autonomy by Lawrence Burns several years ago, which promised a new world […]

Yesterday morning, the New York Times reported that, “Macy’s Discovers Employee Hid Millions in Delivery Expenses.”  The article leads with this: “Macy’s said Monday that an employee had misstated up to $154 million in delivery expense over the past few years, forcing the retailer to delay a much-anticipated earnings report that Wall Street uses to […]

With the passage of October 15th, you probably thought you were done with tax reporting. Actually, you are. But there is a new report due for the first time this year called the Beneficial Ownership Information Report. This is not a tax report, and it is not filed with the IRS. Instead, it is filed […]

Is a recession coming? I don’t know and I don’t think anybody else does either. That doesn’t stop people from predicting an imminent recession, or at least whining a lot. I’m not going to predict a recession is coming, because I don’t know, and because I’m tired of hearing about it. Plus, I’ve already predicted […]

With thousands of others, I share admiration for Warren Buffet and Charlie Munger for what they built at Berkshire Hathaway, their commonsense approach to investing, and not the least, to the way they have lived their lives. Warren Buffet has always been the main public-facing persona of Berkshire, with Charlie Munger saying much less at […]

I’ve never reread and re-reviewed a book, so this is a first. About one year ago, I did my original review of Michael Lewis’s Going Infinite, the story of Sam Bankman-Fried, the crypto-currency tycoon behind FTX. The hardcover version of Going Infinite was published in early October 2023, the same day jurors were selected for […]

September brings the beginning of fall, autumn leaves, cooler temperatures and… budgeting. Most businesses of the size I deal with use the calendar year as their fiscal year. September is when most start their budgeting process, with the hope of completing the budgets by year-end. Does every company need a budget? I don’t think so, […]