Thoughts to Live By

Faith is the substance of things hoped for, the evidence of things not seen.

A good example is the best sermon.

Every good thought is a prayer.

What we pray for may not be for our ultimate good. "No" can be an answer to a prayer as well as "Yes."

If you worry, why pray? If you pray, why worry?

No one is easier to deceive than oneself.

The greatest fault of all is to be conscious of none.

Any good that I can do, or any kindness that I can show to any fellow creature, let me do it now. Let me not defer or neglect it, for I shall not pass this way again.

No matter how hopeless the present problem may seem, remember: This, too, shall pass.

Living in harmony with ourselves is essential to living in harmony with others,

Fear is the enemy of good works; it is a deadly sickness of the soul.

More things are accomplished by prayer than the world realizes.

Knowledge advances one step at a time; let us be patient.

One with God is always in the majority.

How poor are they that have not patience; what wound did ever heal but by degrees?

No one's knowledge can go beyond experience.

The misfortunes which are hardest to bear are those which never come.

Growth is the only evidence of life.

A person who makes no mistakes usually does not make anything.

Love is understanding, acceptance, and tenderness. If it tries to strangle and possess, it is not love.

The more often we think and act honestly, the stronger the habit becomes.

The journey of a thousand miles starts with a single step.

The task ahead of us is never as great as the Power within us.

They hurt the absent who quarrel with the drunken.

Al-Anon is a kissing cousin to invention because they were both born of necessity.

If you find life is empty, try putting something into it.

Beware of the rubber conscience and the concrete heart.

The trouble with many of us is that in trying times we stop trying.

 

Even if you are on the right track, you’ll get run over if you just sit there.

Will Rogers

 

Recipe for a Happy Life

Take a couple of whole months, clean them thoroughly of all Bitterness, Rumors, Hate and Jealousy; in other words, make them as fresh and as clean as possible.

Now cut each month into 28, 30 or 31 different parts...

But don't make up the whole batch at once..
Instead prepare it One Day At A Time.

Mix well each day:

One part of Faith,
One of Patience,
One of Courage,
One of Work,

Add one part each of:

Hope,
Faithfulness,
Generosity
Kindness;

Blend with:

One part Prayer,
One part Meditation
Good Deeds.

Season the whole with:

a dash of Good Spirit,
a sprinkle of Fun,
a pinch of Play
a cupful of Good Humor.

Pour all of this into a Vessel Of Love,

Cook thoroughly over Radiant Joy

Garnish with Smiles
serve with Quietness, Unselfishness and Cheerfulness

And you are bound to have a Happy Life.

 

A Life in Your Hands

If a child lives with criticism, he learns to condemn;

If a child lives with hostility, he learns to fight;

If a child lives with ridicule, he learns to be shy;

If a child lives with shame, he learns to feel guilty;

If a child lives with tolerance, he learns to be patient;

If a child lives with encouragement, he learns confidence;

If a child lives with praise, he learns to appreciate;

If a child lives with fairness, he learns justice;

If a child lives with security, he learns to have faith;

If a child lives with approval, he learns to like himself;

If a child lives with acceptance and friendship, he learns to find love in the world.

 

Be Good To You

Be Yourself – Truthfully

Accept Yourself – Gracefully

Value Yourself – Joyfully

Forgive Yourself – Completely

Treat Yourself – Generously

Balance Yourself – Harmoniously

Bless Yourself – Abundantly

Trust Yourself – Confidently

Love Yourself – Wholeheartedly

Empower Yourself – Prayerfully

Give Yourself – Enthusiastically

Express Yourself – Radiantly

 

If your actions inspire others to dream more, learn more, do more and become more, you are a leader.

John Quincy Adams

 

 

 

Business Financial management in the small firm is characterized, in many distinct instances, by the necessity to face a somewhat
different set of problems and opportunities than those faced by a massive corporation. 1 immediate and obvious distinction is that
a vast majority of smaller businesses do not ordinarily have the opportunity to openly sell issues of bonds or stocks in order to
raise capital. The owner-manager of a smaller company must rely mostly on trade credit, bank financing, lease financing, and
private equity to fund the business. One, therefore faces a far more severely restricted set of financing alternatives than those
faced by the financial vice president or treasurer of a massive corporation.

On another Hand, when small business financial management is concern, many fiscal problems facing the small firm are extremely
similar to those of larger businesses. By way of instance, the investigation required for a long-term investment choice such as
the purchase of heavy machines or the test of lease-buy alternatives, is essentially the same whatever the size of the firm. Once
the decision is made, the financing alternatives available to the firm might be radically different, however, the decision process
will be generally similar.

1 area of Particular concern for the smaller business owner lies in the successful management of working capital. Net working
capital is defined as the gap between current assets and current liabilities and is often considered as the"circulating capital"
of the enterprise. Lack of management in this crucial area is a primary source of business failure in both small and massive
firms.

The Business Enterprise Manager must always be alert to changes in working capital accounts, the reason behind these changes and
the consequences of those changes for the fiscal health of the corporation. One convenient and effective system to underline the
key managerial demands in this area is to see working capital concerning its major components:

Cash and Equivalents. This most liquid form of current assets, cash and cash equivalents (usually marketable securities or
short-term certificate of deposit) requires constant supervision. A well planned and maintained money budgeting system is
imperative to answer key questions like: Is your cash level sufficient to meet current expenses as they come due? What are the
timing relationships between cash inflows and outflows? When will summit cash needs happen? What will be the magnitude of bank
borrowing needed to meet some cash shortfalls? When will this borrowing be necessary and if may repayment be expected? Accounts
Receivable. Virtually all companies must extend credit to their customers. Crucial issues in this field include: Is the number of
accounts receivable reasonable in relation to earnings? On the average, how rapidly are accounts receivable being collected? Which
clients are"slow payers?" What action ought to be taken to speed sets where required?Inventories.Inventories often constitute 50 percent or more of a firm's current assets and therefore, are deserving of close
scrutiny. Key questions that must be considered in this area include: Why is your level of inventory reasonable in relation to
sales and the working features of the small business? How quickly is inventory turned over compared to other businesses in the
same industry? Is any capital invested in dead or slow moving stock? Are sales being dropped due to insufficient inventory levels?
If appropriate, what actions should be taken to increase or decrease inventory?

Accounts Payable and Trade Notes Payable. In a company, trade credit often provides a significant source of funding for the
company. Key issues to research in this class include: Why is the sum of money owed to providers reasonable in relation to
purchases? Is the company's payment policy such it will enhance or detract from the company's credit rating? If accessible, are
discounts being taken? What will be the timing relationships involving payments on accounts payable and set accounts receivable?
Notes Payable. Notes payable to banks or other lenders are a second major source of funding for the business. Significant
questions in this course include: what's the amount of bank borrowing used? Can this debt amount fair in relation to the equity
financing of the firm? When will principal and interest payments fall due? Will it be available to meet these obligations in time?

Accrued Expenses and Taxes Payable. Accrued expenses and taxes payable represent responsibilities of the company as of the date of
balance sheet preparation. Accrued expenses represent such things as wages payable, interest payable on bank notes, insurance
premiums payable, and related products. Of main concern in this area, especially with respect to taxes payable, is the magnitude,
timing, and availability of funds for the payment. Careful planning is required to insure that these obligations are met on time.

As a final Note, it is important to recognize that even though the working capital accounts above are recorded separately, they
must also be looked at in total and from the perspective of their connection to one another: what's the overall trend in net
operating capital? Is this a healthy trend? Which individual accounts are responsible for this trend? How does the firm's working
capital position relate to similar sized firms in the industry? What could be done to correct the fashion, if necessary?

Obviously, the Questions posed are a lot easier to ask than to answer and there are several"general" answers to the problems
raised. The manuals which follow provide suggestions, techniques, and guidelines for effective management which, when tempered
with the experience of the individual owner-manager along with the unique demands of the specific industry, might be expected to
enhance one's capacity to handle efficiently the financial resources of a company enterprise.

There's one Simple reason to understand and detect company financial planning in your business - to prevent failure. Eight of ten
new companies fail primarily because of the lack of good fiscal planning.

Company Financial preparation affects how and on what conditions you'll have the ability to pull the funding needed to establish,
maintain, and expand your company.

Financial Planning decides the raw materials you can afford to buy, the products you'll have the ability to produce, and whether
or not you will have the ability to market them efficiently. It impacts the human and physical tools you'll be able to get to
operate your small business. It will be a significant determinant of whether or not you will have the ability to produce your hard
work rewarding.

This segment Provides an summary of the vital components of financial planning and management. Used sensibly, it will make the
reader the small business owner/manager - familiar enough with all the principles to have a fighting chance of success in today's
highly competitive business environment.

A clearly Conceived, well documented financial plan, establishing objectives and such as the The use of Pro Forma Statements and
Budgets to ensure financial control, will Demonstrate not just that you know exactly what you wish to do, but you understand how
To achieve it. This demonstration is essential to attract the funds Required by your company from creditors and investors.

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