Ali (@alithecfo) 's Twitter Profile
Ali

@alithecfo

Sharing Accounting & Finance insights to grow your biz • Virtual CFO • Previously in Big Tech • Building verticalcpa.ca

ID: 1888560680

linkhttps://verticalcpa.ca/newsletter/ calendar_today21-09-2013 02:31:03

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“All you need for a lifetime of successful investing is a few big winners, and the gains from those will overwhelm the losses from the stocks that don’t work out.” - Peter Lynch

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As an accountant, you get to see the financials for a lot of businesses Most people assume that a big business is a good thing... But the most profitable businesses aren’t the biggest

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A reminder about being right in investing: “In this business, if you’re good, you’re right six times out of ten. You’re never going to be right nine times out of ten.” - Peter Lynch

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“To be a successful business owner and investor, you have to be emotionally neutral to winning and losing. Winning and losing are just part of the game.” - Robert Kiyosaki

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For seasonal businesses, like landscaping, summer camps... It’s critical to budget for the off-season 1. Keep cash reserves handy 2. Lower your expenses to the lowest possible amount

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A friendly reminder when you're hiring a new employee: Take into account the total cost of the hire, not just the salary. This includes: 1. Salary 2. Benefits 3. Taxes

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Before making an investment, ask yourself: ‘What’s the downside?’ Understanding risk is just as important as chasing returns

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"Success seems to be connected with action. Successful people keep moving. They make mistakes, but they don't quit." – Conrad Hilton

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“Almost everything worthwhile carries with it some sort of risk, whether it’s: • Starting a new business • Leaving home • Getting married • or flying into space.” – Chris Hadfield