Seems like everyone knows what a Profit and Loss Statement (“P&L”) is.  That tells you what you made and what you spent, right?  Well not exactly.  A P&L tells you what you what income your business generated, and what expenses you had in the process of generating that income.  Wait–isn’t that what we just said?  Ah, but what you “spend” isn’t always all on “expenses”!  What?  Here’s where the “Balance Sheet” comes in.  Let me explain. A “P&L” lists income and expenses in a given time period–last … Continue reading →

After awhile, I lose interest in things.  I know I’m not unique, but it still disappoints me about me.  The worst thing is, I use guilt to try to get myself re-interested, and “back on track.”  So far that hasn’t worked. Don’t get me wrong, I don’t lose interest in everything–just some things.  Things that I thought at first I could/would continue to do.  For example, last summer I painted the floors in my house.  I know that sounds odd, but they are really old, ruined wood … Continue reading →