Category: Blog

Chart of Federal Reserve Total Assets Held from December 18, 2002 to September 2, 2020

The total assets held by the Federal Reserve include Treasury securities, Mortgage Backed Securities, and Repurchase agreements, in addition to other assets. As of September 2, 2020, the Federal Reserve had total assets of $7,017,492 (in millions of dollars) and as of September 4, 2019, the Federal Reserve had total assets of $3,761,508 (in millions…
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A Strategic Plan is About Communication

A Strategic Plan is about communicating financial and operational objectives by taking numbers and converting them to words. The reason for Strategic Planning is to implement a plan of action that will make the business’s Vision/Strategic Plan a reality.  Strategic Planning is the actual process of implementing a Strategic Plan that has set obtainable and…
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Evaluating and Operationalizing Short-Term Decisions Made in a Crisis that Have Long Term Benefits

In the past six months, businesses have been making numerous short-term decisions that can have long term operational benefits.  The key is to evaluate and operationalize these short-term decisions to provide long term benefits to the business operations. The fact is that almost all businesses during the past six months have been forced to do…
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Chart of Retail Beer, Wine and Liquor Store Sales for January 2000 to April 2020

As states and cities across the U.S. started locking down during the COVID-19 response retail alcohol sales spiked. It appears that alcohol consumption shifted from bars and restaurants to drinking at home.

Eight Essential Elements of an Exit Strategy for Business Owners

By Daniel R. Siburg, CPA, CVA and Stephen E. Koons, CPA/ABV/CFF, ASA All business owners will need to transition their businesses to new owners at some point in time. The new owners could be business partners or family members, and transactions range from management buy-outs to outright sales of the businesses on the open market.…
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Chart of Household Debt Compared to Corporate Debt from January 1990 to January 2020

This chart shows household debt and corporate debt as a percentage of GDP. Households take on debt for various reasons, such as, purchasing a house, buying a car and paying for education.  Corporations take on debt for various reasons too, such as, capital improvement, stock buy backs and to build up seasonal inventory.  Household debt…
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A Simple Way to Get Reacquainted with the Business

Recently, I have been having conversations with clients on how they need to get back in touch with what is going on with and in their business.  Below is a simple methodology on how to get back in touch. Sign all the checks the business issues! Yes, it is that simple.  Sign the business’s checks…
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Weekly Economic Index (Lewis-Mertens-Stock) May 2008 to May 2020

The WEI is an index of real economic activity using timely and relevant high-frequency data. It represents the common component of ten different daily and weekly series covering consumer behavior, the labor market, and production. The WEI is a composite of 10 weekly economic indicators: Redbook same-store sales, Rasmussen Consumer Index, new claims for unemployment…
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Strategies for Budgeting and Forecasting Due to Extraordinary Events

At any point in time during a year a business may need to revise their annual budget or forecasting models and processes. The Differences Between Budgeting and Forecasting Budgeting is a planning process that is done on an annual basis to help the executive management team define what they want the business to achieve during…
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Map of Commercial Banks by State as of Q4 2019

A commercial bank is where most people do their banking.  Commercial banks are financial institutions, which include depository trust companies, credit card companies with commercial bank charters, private banks, development banks, limited charter banks, and foreign banks.  A commercial bank accepts deposits, offers checking account services, makes various loans, and offers basic financial products like…
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