Entries by Jetpack

Business Owners: You’re Doing Accounting Wrong

This article was originally posted in Industry Today ______________________ Business owners take the wrong approach to accounting. Headlight accounting can show where a business is and where it’s going. I have turned around 77 failing businesses in my 52-year career, and if there’s one shared trait among the companies I took over, it was their […]

Business Owners: You’re Doing Accounting Wrong

This article was originally posted in Industry Today ______________________ Business owners take the wrong approach to accounting. Headlight accounting can show where a business is and where it’s going. I have turned around 77 failing businesses in my 52-year career, and if there’s one shared trait among the companies I took over, it was their […]

What A Failing Business Looks Like

This article was originally posted in Young Upstarts ______________________ One company I took over was a large manufacturing facility. The company was seven years old, had over one hundred employees, and produced about fifteen products. It was also $6 million in debt. The two men who owned it had never made a profit. When I […]