Tag: Inventory

Chart of Personal Saving Rate from January 1959 to May 2021

Personal saving is a percentage of disposable personal income (DPI) and is calculated as the ratio of personal saving to DPI. Personal saving is equal to personal income less the personal outlays and personal taxes; it may be viewed as the portion of personal income that is used either to provide funds to capital markets,…
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Graph of CPI and PPI from December 1950 to March 2021

As of March 2021, both the CPI (Consumer Price Index) and PPI (Producer Price Index) have shown increases.  The CPIs are based on prices for food, clothing, shelter, and fuels; transportation fares; service fees, such as water and sewer service, and sales taxes. The producer price index (PPI) measures the price that industrial producers get…
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The Upside and Downside of Economic Transition Risk

There are businesses that do well and prosper during difficult economic time (recession, pandemic, legislative changes, inflation) while other businesses struggle or go out of business.   Businesses that experienced an economic upside during the pandemic were real estate, home furnishings, home improvement and technology companies.  People moved to the suburbs, set up home offices,…
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Willful Blindness

“Willful Blindness” in a business is the conscious act of avoiding the truth, which gives credence to the knowledge of an issue in question, but never resolving the issue. Willful blindness can be at any level of management or on any type of business issue that needs to be addressed and resolved. A business’s willful…
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What Is The Path Forward Into 2021?

What is the path forward into 2021? A strategic plan will make the journey into 2021 easier.

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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A Publisher’s Cash Management Plan – Part 4 -Managing Your Inventory

By Daniel R. Siburg, CPA, CVA & Howard W. Fisher Inventory management is critical to keeping your publishing business operating smoothly and your customers happy. Inventory is usually one of a publisher’s two largest assets, the other being accounts receivable. Every company needs to manage all aspects of their inventory—from what titles and quantities to…
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A Publisher’s Cash Management Plan – Part 3 – Asset-Based Lending

by Daniel R. Siburg, CPA, CVA & Howard Fisher Asset-based borrowing for any company is a blessing and a loss of control at the same time. This article is will discuss the key points you need to know about asset-based lending. First however, some background. Nature of the Book Trade Traditionally the publishing industry has…
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A Publisher’s Cash Management Plan – Part 1 – Managing Your Cash Flow

Part 1—Managing Your Cash Flow By Daniel R. Siburg, CPA, CVA & Howard W. Fisher The growth and survival of your business depends on active management of one asset—cash. The simplest cash control is the mantra “Never overspend!” However, many moving pieces are involved in managing cash and we are going to cover the major…
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Preparing the Company for Sale: What Buyers Want to See

By Daniel R. Siburg, CPA, CVA & Howard Fisher Potential buyers for a company generally look hard at certain aspects of it, and vanish if they do not like what they find.  Fortunately, the same practices that will help you run the business more efficiently and effectively on a daily basis will also help you…
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