Last week when I wrote up the FTX backstory, I knew that the story wasn’t over. Despite this, I’ve still continued to be surprised by the new revelations that have come out. Just a few of the headscratchers: FTX lent SBF over $1 billion for personal uses FTX purchased houses for employees in the Bahamas,…
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As the stock market has faltered and inflation is on the rise, Crytpo was supposed to be the alternative we’d always wanted. Instead, crypto has imploded with multiple bad actors ruining the party for everyone. Terra Luna, Celsius, now FTX, which has made all other frauds look like amateur hour. In all honesty, I believe…
Read MoreCash is the lifeblood of any business. In last week’s newsletter we talked about the difference between profit and cash. If you missed it, you can read it by clicking here. I ended by saying that the ideal business would have: Favorable terms on inventory Customers paying immediately Little or no reinvestment is needed in…
Read MoreIf I’ve heard it once, I’ve heard it a million times. “We’re making money, but where is the cash?!?” Great question, friend. And here it is: Profit does NOT equal cash. Many business owners look at only 2 things: Cash balance Income Statement But when the Income Statement is telling you you’ve made money, but…
Read MoreIn the 1980s, 2 scientists put together a questionnaire to examine how we were influenced by sunk cost fallacy. They asked participants to imagine they’d spent money on 2 different ski trips that happened to be on the same weekend. They’d spent $100 to go to Michigan and $50 to go to Wisconsin. Based on…
Read MoreIn the 2nd quarter of a recent Oklahoma State football game I found myself hungry. It was mid-afternoon and I hadn’t eaten anything for breakfast or lunch. This was the type of hunger that can’t wait, but must be handled right then and there. So I started the search… what food would hit the right…
Read MoreEnterprise value is a term used in the markets, but that formula is not what we’re talking about here. Ultimately, business comes down to this. Is your business creating value, thus making you more money? So, how is Enterprise Value created? To understand this, you have to understand the basis of Financial Statements. Let’s break…
Read MoreLast week we discussed profit and what it means to the business. If you missed that, you can check it out here. This week, we’re going to talk about leg 2 of the 3 legged framework to master your business’s money: Cash Flow. When I talk to business owners, I always like to ask the…
Read MoreLast week I introduced you to a 3-part financial framework I’m working on called PCFEV (Profit – Cash Flow – Enterprise Value). Ok, the name needs some work. Anyways, if you missed that, you can read it here. This week, I’m going to break down the first leg of the framework… Profit. Profit is at…
Read MoreToday, enrollment for Cohort 3 opened up! If interested, you can join here: kurtishanni.com/cohort In celebration, I’m going to introduce a concept today and expand on it each of the next 3 weeks leading up to the cohort. I’d love to hear what you think of this style and if you think I should incorporate these…
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