Archive for June 2016
Comparison of the Income Statement and Cash Flow Statement
Income statements measure and can be used to forecast profitability. Cash flow statements measure and can be used for forecast cash levels. These two financial statements need to be understood by the small business owner. It is possible for a company to show a great profit, yet struggle due to poor cash flow and management.…
Read MoreOklahoma Engineering Conference
I recently attended the Oklahoma Engineering Conference. I had the privilege of presenting two subjects. One subject was Art meets Science: A System of Innovation. The other was Business Planning: Bringing a New Product or Service to Market. I also had the opportunity to attend presentations on other subjects. Below are a few subjects that…
Read MoreHow to Create a Diverse Customer Base
A business viewpoint article, authored by Greg Conder, was recently published in the Tulsa World. For the full article, please click here Below are some practical ideas to diversifying your customer base. Review two or three years of shipments, service orders or invoices. Are all of the customers truly in the same industry segment? Were…
Read MoreLearning from Old Technology
What can small business owners learn from old technology and its innovators? We will investigate Velcro and Q-Tips. The idea for Velcro originated with Georges de Mestral. In 1941, he wondered if burrs that clung to him and his dog could have a useful purpose. Eight years later, that thought was developed into Velcro, a…
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