Dec 21

Last Sunday night I went with my family to the Bon Jovi concert at the Sydney Football Stadium. Despite the rain it was an awesome experiance but that is not the point of this post.

While I was there I observed an all too common problem: walls and walls of empty urinal trough in the gents while the ladies were queued out the door and down the vomitoriumW (I can't pass up a chance to use this word). More...

Nov 17

This is the basic equation of business and accounting but when was the last time that you thought about it?

Charles DickensW in David CopperfieldW said:

 

"Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."

What was true in the 19th century is still true in the 21st; it is not the value of the Revenue or the Expenses that matter but only the difference between them. More...

Nov 03

How much money should you spend on maintenance?

Like any other investment, and maintenance is an investment, you should keep spending on maintenance whenever the returns exceed the costs. Or, when operating with limited resources, as we always are, whenever the returns on this investment are better than the returns on the next best investment. More...

Mar 03

There are basically 5 methods of generating an income: 

  1. Welfare: If you are reading this blog I assume you are planning for something better.
  2. Salary or Wages: You work for a boss and are paid for your work. Again, I assume you are planning for something else.
  3. Self-Employment: You work for the public and are paid for your work. A lot of people who think they own a business are actually in this category.
  4. Business Owner: You own and work within a business; part of your income is in payment for your work and part is through the profits of the business. It is the differencebetween this and self-employment that I would like to discuss.
  5. Passive Investment: You own a ton of shares, bonds, property and/or cash and it generates so much money you will never be able to spend it. This is where I hope you are going. More...