Why Profit Does Not Matter with Reginald Tomas Lee – 128

12/20/18 • 48 min

Art of Value Show - Discover Value | Create Options | Start Pricing

In this episode, Dr. Reginald Tomas Lee explains why cash and profit are not the same. Cash is the life blood of a business. It drives daily operational decisions. Profit, on the other hand, is a relative metric (not measurement), dependent on the cost formula chosen. Executives and managers need to understand the difference and [...]

The post Why Profit Does Not Matter with Reginald Tomas Lee – 128 appeared first on Art Of Value.

The post Why Profit Does Not Matter with Reginald Tomas Lee – 128 appeared first on Art Of Value.

Previous Episode

The Business Model of Tomorrow with Ed Kless – 127

In this episode, Ed Kless and I tackle the myth that economic development has reached its peak through technology, especially artificial intelligence. We explore the theme through three books: Life After Google by George Gilder, Tomorrow 3.0 by Michael Munger, and Subscribed by Tien Tzuo. This episode was recorded live at Kellys in Allen, TX–one [...]

The post The Business Model of Tomorrow with Ed Kless – 127 appeared first on Art Of Value.

Next Episode

Why Cash Does Matter with Ron Baker – 129

In this episode, Ron Baker and I continue with Part 2 of the What Matters series. If profit does not matter, then what should replace it? Cash planning and budgeting. This is a huge opportunity for accountants and consultants because you can equip your customer to make stronger business decisions. Will you seize it? About [...]

The post Why Cash Does Matter with Ron Baker – 129 appeared first on Art Of Value.