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Acquiring. Consuming. Owning.
In today's society, these are our favorite words. Discussions around many boardroom tables and wine bars center around prepping a budget to include the next asset acquisition.
How do we account for such valuable stuff?
Actually, it’s pretty easy. For most of us, we can get our head around tangible items we can see and touch.
Let's get started!
Assets start the party and come first on the balance sheet. Examples of assets include, cash, accounts receivable (although we haven't received the funds, they are DUE to us,) investments, fixed assets, intangible assets and other assets.
Assets are listed in order of liquidity. Cash is listed at the top because, duh, it is the king of liquidity. Yet land, for example, although extremely valuable, comes much later.
If you change the way you look at things,
Do you feel like you are tackling the same problems every day?
Do you wonder if there is a better way?
Have you looked at the challenge from every angle?
Could you use a new perspective?
These are a few questions to ask yourself as you run your business. It's easy for us, as entrepreneurs, to get lodged in linear thinking.
Linear thinking is:
Hi! It's Bridgett here! Are you ready to take your business to a new level? Let's do it!
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