Our new blog: Daniel W. Elliot - Business author and learning facilitator

I have decided to combine Business Blunders and Forward Looking Business Training under one place. Visit my blog danielwelliot.blog.spot.com for weekly discussions on various business topics.

Daniel W. Elliot, CPA (danielwelliot.blogspot.com)

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Just in Time - Another Sample from the Beancounter

“Just put the juice on the table, and please bring the liquor over here Juan.” Isaac, who has arrived at work early because today he receives the weekly inventory, points towards the top of the bar. “You didn’t have Gin on your list Mr. Isaac, so I brought some just in case” Juan advises. “That’s fine Juan; I will use it eventually.” Bringing something not on the order is something you won’t often see anywhere else. The two men finish unloading the supplies, then Juan heads for the door. “Hasta luego Señor Isaac.” During the past two years Isaac has been able to get a fairly good idea of what sells and how often. He also knows some products are often backordered depending on the season, so he makes sure he adjusts his orders accordingly allowing enough lead time. If he wants to compete with the other bars, he certainly cannot be running out of product. Isaac leaves the shipment on the tables for now as he needs to check on an issue at ...

Icecreamgate - Jack Canfield (Chicken Soup for the Soul) loved this story from The Beancounter!

I love the book; it’s fun, it’s well written, it’s interesting, and I learned some things I didn’t know about. (Jack Canfield, Chicken soup for the Soul) “Did they take anything Mr. Isaac?” “Luckily Pablo, I keep the alcohol locked in this room behind the steel door; but they did take some of the beer.” Isaac arrived this morning to find thieves had broken into the bar and stolen some of his inventory, and Officer Pablo has come to investigate. “I think it was kids, and they only took what they could carry Pablo.” “I agree Mr. Isaac, otherwise they would have taken more. Do you have insurance?” “Yes, but even with a low deductible a claim would raise my premiums.” Officer Pablo takes a few pictures and notes, then heads toward the door. “I will see what I can find out Mr. Isaac.” Moments later Melissa comes through the front doorway. “Isaac! We need your help!” The young lady is upset and in need of assistance. “It’s Carter, he got himself in trouble last night and the p...

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