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The Challenges of Buying (and Selling) a Business

Martinka Consulting

When taking over a business you have to deal with customers, employees, operations, culture, cashflow, and more. This is a project-based business and work in process was not being recorded on the balance sheet. This means have a good accounting system and pay attention to it. Run it as a business, not a lifestyle.

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5 Ways Your Data Strategy Can Fail

Harvard Business

Paradoxically, “data” appear everywhere but on the balance sheet and income statement. The data is scattered in silos — stuck in departmental systems that don’t talk well with one another, the quality is poor , and the associated costs are high. Except for very few, this hasn’t happened.

Data 35
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Former Fed Governor Thomas Hoenig Says US Banks Undercapitalized, Unsafe, and Unsound

MishTalk

In a recent speech, Mr. Hoenig noted that under American accounting rules, derivative holdings add $300 billion to the balance sheets of five top banks — JPMorgan Chase, Citigroup, Bank of America, Goldman Sachs and Morgan Stanley. In a healthy system, the banks would hold enough capital to ensure that doesn’t happen again.

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China Interest Rate Crisis Continues: 7-Day Interest Rate Doubles to 10% in One Week; China Bans Words "Cash Crunch"

MishTalk

An exceptional bid by China’s central bank to curb soaring interest rates and relieve pressure on the financial system appeared to have come up short on Monday, as Chinese money market rates shrugged off the measure and continued to approach the crisis levels seen in June.

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How the Great Recession Changed Banking

Harvard Business

It may feel as though the financial system hasn’t changed much in the decade since the downturn, but it has. Most of the regulation was meant to safeguard the financial system, and the taxpayers who had to bail it out, from another crisis. Many other financial firms including AIG, Fannie Mae, and Freddie Mac needed bail outs.

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Why Apple Is Getting into the Energy Business

Harvard Business

Many commercial and industrial buildings have rooftops, parking structures, and unused land that can host systems that are significantly larger and cheaper than residential systems. B operated the same way as A, with no special control. billion square feet of space that is usable for solar, enough to power 14% of U.S.

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BIS Slams the Fed; Ridiculous Question of the Day: "Is The Fed Going To Attempt A Controlled Collapse?"

MishTalk

This has been labelled the “second phase of global liquidity”, to differentiate it from the pre-crisis phase, which was largely centred on banks expanding their cross-border operations. Historical evidence shows that this rarely happens following a balance sheet recession. trillion.