Financial Performance Measures to Gauge a Business’s Health

A business man holding a measuring tape, representing financial performance measures

How can you measure a business’s profitability, efficiency, and investment potential? Why should you analyze your financial statements like investors? Karen Berman and Joe Knight discuss several key financial ratios that managers, investors, and analysts use to evaluate a company’s performance and financial health. Berman and Knight identify several important financial performance measures that indicate a company’s profitability, efficiency, and overall financial strength. Here’s how to use performance metrics to measure a company’s overall health.

How to Stop Judging People: Put a Positive Spin on Others

Two people facing a judge in a courthouse, showing how to stop judging people

Do you unfairly judge people? Why should you stop looking at people as saviors and oppressors? Viewing others as oppressors or rescuers makes others responsible for your life and well-being. To change this mindset, David Emerald recommends reframing the roles of oppressor and savior as catalysts and mentors. Continue reading to learn how to stop judging people and get rid of the oppressor vs. rescuer outlook.

Cash Flow for Small Businesses: How to Interpret Your Statements

A money tree against a green background, symbolizing cash flow for a small business

What are the three main areas of cash flow for small businesses? What does a cash flow statement tell you that an income and balance sheet statement don’t? The income statement and the balance sheet give an overview of a business’s financial position, taking into account past and future revenue and expenses. On the other hand, the cash flow statement fleshes out the full picture of where a business stands in the present—and whether it can afford to pay its bills. Let’s look at how to interpret a cash flow statement.

Irresistible by Adam Alter: Book Overview and Takeaways

A man reading a book on his desk with his laptop open

Are you spending too much time on your devices? What’s Irresistible by Adam Alter about? In Irresistible, Adam Alter discusses the rise of technology addiction and how you can identify it. To counteract this, he suggests several techniques for combating technology addiction and fostering a healthier relationship with digital devices. Read below for a brief overview of Irresistible.

The Visionary Mindset: 4 Steps to Overcome Life’s Obstacles

An illustration of a young man looking at a giant eye, symbolizing the visionary mindset

Do you want to stop feeling helpless? What’s a visionary mindset, and how will it transform your life? David Emerald advises that you can overcome the cyclical problems of the helpless mindset by adopting a visionary mindset. With this outlook, you orient yourself to long-term goals, take proactive steps forward, and grow from challenges and setbacks in life. Below we’ll look at four steps to change your mindset and have a positive outlook on life.

What Is a Balance Sheet for a Business? A Financial Snapshot

A woman holding a sheet of paper with a dollar sign above her head, questioning "what is a balance sheet for a business"

What is a balance sheet for a business? What does a balance sheet tell you about a business’s finances that an income sheet can’t? The balance sheet provides a snapshot of a company’s financial position at a specific time. Karen Berman and Joe Knight explain how balance sheets present your business’s overall value, what kinds of assumptions underlie your balance numbers, and what the balance sheet reveals about your business that a simple income statement cannot. Continue reading to learn the three main sections of a balance sheet and how to read one.

What Is Technology Addiction, and Is It a Real Issue?

A person surrounded by tablets, phones, and computers, showing what a technology addiction is

What is technology addiction? What are the three mechanisms of addiction? Technology addiction is a controversial concept, as some experts believe addiction requires the use of mind-altering substances. However, Adam Alter argues that, on a neuropsychological level, technology can be as addictive as any substance. Below we’ll break down what makes something an addiction to show how technology fits the definition.

What Is Splitting in Psychology? Seeing Only Saviors & Oppressors

A kind, smiling woman standing next to a harsh, unhappy woman illustrates the question, "What is splitting in psychology?"

Do you have a hard time telling if a person is good or bad? What is splitting in psychology? David Emerald explains that a helpless mindset shapes the way you see and relate to other people. With this mindset, you tend to view others as either oppressors or saviors, which is the psychological concept called “splitting.” Let’s take a closer look at splitting and the harmful effects of perceiving others as either extremely good or bad people.

The Biggest Health Concern of Using Technology: Addiction

A cellphone in a red circle, showing a health concern of using technology

How does technology affect a person’s health? Is it possible to get addicted to a smartphone? Adam Alter claims that, as of 2017, over 40% of people displayed symptoms of behavioral addiction to various forms of technology, ranging from common devices like smartphones to more niche technologies like high-tech eyeglasses. What’s worse is that this number is bound to increase. Keep reading to learn more about the biggest health concern of using technology: addiction.

Income Statements in Business: How to Understand the Numbers

A dollar sign on white paper representing an income statement in business

What’s an income statement in business? How does an income statement track revenue? The first document any business owner needs to understand is the income statement. This shows whether your company is profitable. According to Financial Intelligence by Karen Berman and Joe Knight, an income statement requires careful interpretation. Keep reading to learn what an income statement tells you about your business’s financial health.