As a business person, you may have seen the term “durable power of attorney” in several situations. Power of attorney is a strange term because it’s not immediately clear what powers an attorney for the business may have. Some business persons may need a power of attorney while others can get by without one. But which type of business would it benefit the most? Here, we’ll look at what types of power of attorney exist and what…
When I want people to think I have a boring job, I usually tell them I work with accounts payable. This is effective when I’m at a party and want to leave, or any other time I’m engaging in small talk. In reality, I think accounts payable work is exciting.
Processing accounts payable is a great way to get a feel for…
If your debts have become unmanageable and you feel there is no other way out, you may be wondering if bankruptcy is your next best step. While it’s true that nobody wants to leave their financial fate in the hands of the courts, there are times when bankruptcy really is the only solution that can work. Keep reading to learn the basics of bankruptcy, how to file and what…
In my previous post in this blog on the journey to cloud, I looked at how to select a cloud provider. In this latest post, I move to a further critical determinant of effective performance: having the right cloud operating model. Your cloud operating model should provide to your cloud organisation the appropriate structure, capabilities,…
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Financial statements can tell you a lot about your business. They display the value of your assets, the amount of money you owe, the amount of revenue you’ve earned in a particular time frame, and even how much cash has gone into and out of your business.
But financial statements may not provide the answers to all…
Parents have a lot of important lessons to teach their children-how to ride a bike, how to make the bed, how to get along with other people and contribute to the community. Many parents also work on teaching their kids financial skills by setting them up with a piggy bank, or helping them open their first savings account. One important question for parents…
While the majority of homebuyers use a mortgage, there are those fortunate enough to be in a position to pay all-cash for a house. But is it the best financial decision? If you’re weighing the pros and cons of getting a mortgage compared to buying a property with cash, here are the key points you need to consider…