Much of the traditional thinking about cash is well intentioned but unrealistic. Should you have six months of living expenses in the bank for emergencies? Sure. Do you? Probably not.
Nobody's profitable at this moment, because recession is on; advertising dollars are down, and expenses are way up. So that kind of belies the situation that you would expect, because the ratings are way up everywhere.
When businesses face tough times, one of the first items they cut is overhead expenses. The government should do the same.
I think it would help tremendously to have a senator that knows where jobs come from, that knows how to create them, that knows how to bring them back and, importantly, knows what it means to manage billions of dollars' worth of expenses and cut billions of dollars' worth of expenses.
We have to help people with their expenses of their health care, their access to their health care, and certainly for the actual care that they receive.
The first thing they gave me at 'Sports Illustrated' was a first-class air card. 'And oh, by the way, there's the petty cash drawer,' they told me. 'Take a few thousand dollars for expenses.'
People aren't just paying more to fill their gas tanks or when they pay for their heating bills for their home; they are paying more at the grocery store, on air travel and for many other daily expenses.
We had grown too fast at PayPal. Our operating expenses had grown too fast... Growth covers a lot of sin. We want to grow without sin.
Actors are steeped in a world of agents and where the next job is coming from and what are their expenses and what is the hotel like. You want to take them out of that world and dump them into another world, so that when you meet them on the screen they don't seem like the guy who was in two others movies that year.
The Profit and Loss Statement tells you a lot about how your business is doing. It can also help you to determine ways that you can go about saving money so that you get to bring more money home! Basically, the P&L statement measures all of your income sources verses all your business expenses for any given period of time.
