article thumbnail

Fool Me Once Or Fool Me All The Time

Martinka Consulting

Zweig writes that any form of modified profit isn’t cash flow. I get the feeling many people, even in my industry, don’t understand the difference between profit, Ebitda, and cash flow. Fifteen years ago, Charlie Munger, Warren Buffett’s business partner, called Ebitda, “bulls*#t earnings. Conclusion.

article thumbnail

CEO Oasis: Relief for “Loneliness at the Top”

Emerson Consulting Group

For months now, Steve has been struggling over cash-flow problems with no solution in sight. That would only send them slipping out the door with updated resumes in search of positions more secure elsewhere. As part of his ongoing column in Money Inc.

article thumbnail

Inflate the Swimming Toys Not Your Assets

Martinka Consulting

Yes, they can inflate their resume, like they do for jobs, and that’s why relationship is so important. Cash flow is, however, the tricky one. Small business accounting tends to make cash flow a moving target anyway and a lot of owners “manage by checkbook.” Why didn’t the bank(s) verify? This one seems easy.