• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

CablesAndKits Blog

adding value to your IT infrastructure

  • Blog Categories
    • Product Guides & FAQ’s
    • Technology
    • CablesAndKits News
    • Press
  • Shop CablesAndKits
    • Network Equipment
    • Network Accessories
    • Servers
    • Ethernet
    • Fiber
    • Data Center Racks & Cabinets
    • Power Products
    • CK Deals
  • CK Learning Center

Business Finances

CEO Daily Update – 8.12.2020

August 12, 2020 by Craig Haynie

Kids Masks | UV Sterilizers | Light Bulb Moments


Happy Wednesday!  

Welcome to the CablesAndKits CEO daily email. Read more about this email by scrolling to the very bottom.  

I mentioned yesterday that the wife and I decided that we wanted to buy a camper. We’d gone and looked at some on Saturday after having talked about it off and on for months. To my complete surprise last night after we’d looked online for a little while, my wife said “why don’t we rent one and go on a trip … tomorrow”. That is so not like her! I had mentioned wanting to go see her family in South GA (a 5-6 hour trip) and she suggested that we combine the trip to see them with an RV trip. So, we looked for rentals till 3am!  

The idea was to rent something that was similar to what we think we WANT so we can get a feel for it. After lots of looking and talking we decided that we thought a class C might be best for us. I locked down a rental, went and picked it up, and by the time you read this email we will be packing up and hitting the road!  

When I got home we surprised the girls and they lost their mind. They are so excited about the camper and the adventure. More to come!  


From Joe, our friendly Safety Supplies Product Marketer:

I hope everybody is having a great week so far! Today is an AMAZING day as we’ve added new products to the site! School has officially started for many kids and I know it can be worrisome but I’m here to give you guys a little extra comfort! CablesAndKits is finally HAPPY to announce the arrival of kids masks! With 5 different patterns these boxes of 50 masks contain girl, boy, and neutral patterns, perfect for stocking up the whole family or sending with your kids to school for the teachers to keep in the classroom. It can be insanely hard to get the little ones to cooperate and wear a mask all day, so a nice design may it make it much easier!  

Two new products in one day?!?! YES! On top of the children’s mask we’ve also added UV Sterilizers to the site which are awesome! With rechargeable batteries and a compact design these are perfect for bringing with you on the go. Whether it be your keyboard, car keys, steering wheel, or even a carpet, enjoy a clean surface without having any sticky residue or scents left behind from disinfectant agents! These UV wands are small enough to fit in your pocket, purse, car, etc and are great for killing germs and viruses on surfaces where sprays are not appropriate or practical.  

[Read more…] about CEO Daily Update – 8.12.2020

Filed Under: CEO Daily Updates Tagged With: Business Finances, CEO, COVID-19, Face Masks, Kids Face Masks, Safety Products, UV Sterilizers

CEO Daily Updates – 7.29.2020

July 29, 2020 by Craig Haynie

An analogy of Financial Reports | KN95 Masks on Sale | COVID-19 News Updates


Happy Wednesday! (Huuuuu……. Huuuuuuuuuuummm…) 

During our weekly leadership meeting, Gary (our Chief Administrative Steward) was giving the leadership team a refresher / class on financial statements (P&L, Balance Sheet, Cash Flow Statement). In an effort to help with some understanding I jumped in with an analogy that I personally really liked (it came to me in the moment), and I thought I would share it with you.  

First, the overview of the financial statements.  

In a business there are three primary financial statements used to monitor financial health and to inform decisions – the P&L, Balance Sheet, and Cash Flow Statement. You may or may not be familiar with these statements so I will, in my own words, explain what they tell you.  

The P&L (profit and loss) statement, or Income Statement, shows your income, cost of the goods or services you are selling (COGS), expenses, and profit (or loss). Income minus cost of goods equals your gross profit. It is from this gross profit that you can pay your expenses, and what’s left over is your net income. Taxes are a factor but they only show up on the P&L if you are a C corp. Otherwise, if you are an S Corp or LLC the taxes are the responsibility of the shareholders each year and therefore do not show up as an expense in the business.  

The Balance sheet shows the cash and assets of the business, as well as any liabilities – usually loans, but also the money you have booked as an expense but have not yet PAID. For instance, if you booked an expense for a vendor onto the P&L but have not yet sent the check, it shows up as a liability on the balance sheet in the “Accounts Payable” account. Glancing through the balance sheet you can see what cash you have in the bank, what people owe you (Accounts Receivable), what you owe as balances of loans and accounts payable, and also any “balance of value” of any fixed assets you purchased. For instance, if you bought a big ‘ol underwater basket weaving machine for $250,000 it is not (typically) able to be “expensed” on the P&L, and therefore shows up as an asset on the balance sheet. The IRS allows you to “depreciate” (write off) assets over a set amount of time, depending on the asset type, and to do that you transfer a piece of the value of that asset away from the balance sheet and onto the P&L. You are basically reducing the value of the asset and taking that reduction in value as an expense a little at a time. That one is maybe a little hard to wrap your head around without looking at it on paper.  

[Read more…] about CEO Daily Updates – 7.29.2020

Filed Under: CEO Daily Updates Tagged With: accounting, Business Finances, CEO, Coronavirus, COVID-19, Financial Reports, KN95 Masks

Primary Sidebar

Blog Search

Recent Posts

  • CK Daily – 12.10.2021
  • CK Daily – 12.09.2021
  • CK Daily – 12.08.2021
  • CK Daily – 12.07.2021
  • CK Daily – 12.06.2021

Categories

  • Accelerate Your Network
  • Awesome Week in Review
  • CablesAndKits.com News
  • CEO Daily Updates
  • CK Daily Updates
  • Get More. Spend Less.
  • Inside CablesAndKits
  • Press
  • Product Guides & FAQ's
  • Technology
  • Technology Explained
  • Uncategorized
  • Value Offerings

Archives

CK on YouTube

https://youtu.be/KorUg6l38O4?list=PLLoVIpEM8zpPVUeoIKrWyEC1vsM8YCTYy

Blog Cloud

Apollo 13 Awesome Birthday Business Business News cablesandkits cablesandkits.com cat6 CEO Christmas Cisco Cisco Accessories CIsco Equipment Cisco Switch Clorox Wipes Core Values Coronavirus COVID-19 Dell Ethernet Face Masks Fiber Hand sanitizer HP Inventory Reduction IT Lifetime Warranty Million Dollar Sale N95 Masks networking Networking Equipment Nitrile Gloves Office OM4 PPE RV Adventures Safety Products Safety Supplies sales Servers Service technology thermometers VOIP Webcams

Subscribe


 

  • Blog Categories
  • Shop CablesAndKits
  • CK Learning Center