Seven Deadly Sins

Allman, Sam
September 2009
Leadership Excellence Essentials;Sep2009, Vol. 26 Issue 9, p19
The article identifies the common cause of business failure. Drifting and squandering resources is the first sin that owners commit. Spending cash-in-hand should be avoided and owners should determine spendable cash by preparing a statement of cash flow. Learning nothing from looking at financial statements is likened to running the business in financial darkness.


Related Articles

  • HOW-TO Prevent business failure. ROSS, FRANK // Landscape Management;Oct2012, Vol. 51 Issue 10, p100 

    The author discusses the most common reasons why a business fails and how to prevent them. About 90 percent of the companies that failed is because of poor cash flow and the author advises to make collections a responsibility of the sales process. Other reasons include driving by a site and...

  • Atrybuty sprawozdania z dzialalnosci na tle sprawozdania finansowego. Mucko, Przemyslaw // Zeszyty Teoretyczne Rachunkowosci;2012, Vol. 66 Issue 122, p143 

    The aim of the paper is to highlight the distinguishing features of management commentary in comparison to financial statements. Financial statements contains description of financial position and performance of reporting enterprise, whereas management commentary should also provide...

  • Valuing Your EMS Business. Tanel, Gary // SMT: Surface Mount Technology;Aug2006, Vol. 20 Issue 8, p10 

    The article focuses on managing an electronic manufacturing service (EMC) business. EMC entrepreneurs should be aware of the methods of assessing the company's performance and potential growth by looking unto the company's financial statements. There are several aspects to be considered in...

  • Every month our financial experts will help you and your business succeed. Alan Badey; Mark Fagan // Westchester County Business Journal;1/9/2012, Vol. 48 Issue 2, p5 

    The article offers the author's insights on the monthly columns of "Citrin Cooperman Corner" which provide local business owners with ideas to help their business succeed in Westchester and Fairfield Counties, New York. They say that the columns offer tips and tactics for creating tax returns...

  • BUSINESSES DON'T COME WITH SATNAV. DARTNAILL, DANNY // Accountancy;Apr2009, Vol. 143 Issue 1388, p46 

    The article discusses the manner in which business enterprises and business executives can better utilize management information that is generated. Quality management information is described including the need for it to be prepared in a timely basis. Other topics include non-financial key...

  • Running a business is stressful, we've hit the ceiling. GRAY, ANDI // Fairfield County Business Journal;8/26/2013, Vol. 49 Issue 34, p11 

    The article provides an answer to a question on how an owner can better manage his/her financially-struggling business.

  • Measuring Financial Health of Kothari Sugars Limited using 'Z' Score Model. Velavan, M. // Advances in Management;May2011, Vol. 4 Issue 5, p59 

    Going global, Survival of the business in the modern world is the driving force to do better than others. In order to survive and continue to be in business it is essential that an organization successfully manages its finance which requires more attention and care. Ineffective management is one...

  • WorldCom Inc. Pandey, Satish C.; Verma, Pramod // Vikalpa: The Journal for Decision Makers;Oct-Dec2004, Vol. 29 Issue 4, p113 

    Focuses on issues involving financial lapses and accounting misdemeanors at WorldCom Inc. Background on the company; Details on the restatement of the 2001 and first quarter 2002 financial statements of the company; Effect of the organizational decline in WorldCom on other business enterprises;...

  • Attack of the Company Killers Part II. Diamond, Mike // Reeves Journal: Plumbing, Heating, Cooling;Oct2003, Vol. 83 Issue 10, p18 

    Discusses company killers that hinders business growth in the plumbing industry. Strategies for handling daily reports; Type of budget mentality that contributes to business failure; Importance of financial statements for the health of the business.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics