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Money IQ

Is your business prepared for a month of slow sales? Or are you checking the mail every day for that large payment from one of your clients – the client that informed you “the check is in the mail” – and your payroll is two days away. 

An operating line of credit is an essential part of many businesses, large and small. Having regular access to funds through a line of credit can assist you through slow periods or carry your expenses while you wait for that large check to come in.   

A line of credit is a short term loan that is structured Read More

You See Banana, I See Potassium: Whose reality is more real? Part I

Banana is my least favorite fruit – I prefer juicy ones – but I eat it for the potassium kick, especially important during ski season. 

Of course, I don’t “see” potassium, but that’s what the yellow stick signifies to me. In truth, I much prefer Michael Pullen’s notion of eating “food,” – from his In Defense Of Food: An eater’s manifesto – not “protein,” “omega-3,” or “potassium” for that matter. 

But I use this comparison to make a point about how our respective “realities” do not always nor necessarily Read More

Money IQ

Trust Departments—What Else Can They Do?

Trust Department—what’s in a name? The word “trust” is a noun, an adjective and a verb.

Common understandings of the word “trust” are: (1) as a noun: the “reliance on the integrity, strength, ability, surety, etc., of a person or thing; confidence;” and (2) as a verb: “to rely upon or place confidence in someone or something.” trust. (n.d.) Dictionary.com. Dictionary.com Unabridged. Random House, Inc. https:////dictionary.refernce.com/browse/trust (accessed: April 24, 2013).

In the legal world, the most common usage Read More