Category: Blog

Chart of Housing Starts and 30-Year Fixed Mortgage Rate from July 1974 to July 2020

Monetary policy affects interest rates, which affect mortgages, which affect decisions in the housing market. The red line in the graph is the average 30-year fixed-rate mortgage (right axis) from July 1974 to July 2020. The blue line in the graph is the ratio of housing starts built by contractors over housing starts built by…
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The Difference Between a Business Recovery and Business Growth

There are numerous businesses starting to reopen and recover from the past months of slow or no business.  Sales are starting to rise as customers are starting a buy again, both of which are great signs for a business recovery and business growth.  Now let us talk about the difference between a business’s recovery and…
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Chart of the Price Change Between Years for Hotels and Casino Hotels During August 2015 to August 2020

The chart shows producer price index (PPI) data that measure price changes. Percent changes in prices from a year ago are shown for both stand-alone hotels (the gold bar) and hotels attached to casinos (the red bar). Prices began dropping for hotels in February 2020 and the price reductions continue to persist, but hotels attached…
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How to Hold a Productive Meeting

We have all attended a meeting, whether it be an Executive Staff meeting or an important business  meeting, where you have sat in the chair for hours and leave the meeting feeling like it was a colossal  waste of your time.   What makes you leave those types of meetings feeling as if you would…
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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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Chart of Personal Saving Rate from January 1959 to June 2020

Personal saving is equal to personal income less personal outlays and personal taxes; or can be viewed as the portion of personal income that is used either to provide funds to capital markets or to invest in real assets such as residences. Personal saving as a percentage of disposable personal income (DPI), frequently referred to…
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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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