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Philip Campbell
Austin, Texas
Experienced Financial Consultant
Interests: A sloppy bookkeeping and finance function will drag you down? It handcuffs your ability to grow and attract capital and talent? It hurts your credibility with your banker, your other lenders, your investors, your partners, and all those in the financial community you need in order to grow your business successfully. It sucks the life out of you. My passion and focus is helping you get the bookkeeping and financial side of your business under control. What a waste of smarts and talent to work so hard to create a successful company only to allow the financial function to underperform and drag you down. I help you fix that and get back on the right track.
Recent Activity
A Financial Forecast is About Helping You Improve Profitability and Cash Flow
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Here is a fun little exercise that speaks to the power of a reliable financial forecast in business. Stand up and cover your eyes with both hands so you can't see anything in the room. Now walk to the other side of the room without uncovering your eyes. That was... Continue reading
Posted Dec 28, 2021 at Philip Campbell's Blog
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Putting the 80/20 Principle to Work in Your Business
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One of my favorite business books of all time is The 80/20 Principle by Richard Koch. The basic message of the book is that in many places in life and in business, there is “an inbuilt imbalance between causes and results, inputs and outputs, and effort and reward”. Oftentimes that... Continue reading
Posted Jan 26, 2021 at Philip Campbell's Blog
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A Different Perspective on Debt in Your Business
I like to measure financial health in my personal life as a strong net worth… and no debt. In business, in addition to having a strong net worth, financial health includes the ability to generate excess cash… with no debt, or a modest amount of debt. To me, creating and... Continue reading
Posted Nov 16, 2020 at Philip Campbell's Blog
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Cash Flow in Business is Like Happiness in Life
Cash flow is a concept. It’s a quality, not a dollar amount. On the other hand, cash (money), is a dollar amount. You can look at your balance sheet and see how much money you have in the bank at a specific point in time. Profit is a dollar amount.... Continue reading
Posted Nov 4, 2020 at Philip Campbell's Blog
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The Prescription for Cash Flow Happiness
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Suppose you are unhappy with the financial health of your business right now. Where would you go to have someone evaluate your health problem… and help you fix it? You would go to the Cash Flow Happiness Doctor… of course. 😊 The first thing any self-respecting Cash Flow Happiness Doctor... Continue reading
Posted Nov 2, 2020 at Philip Campbell's Blog
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Delta Air Lines Grew Their Cash Balance by $19 Billion – Is That Good or Bad?
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Earlier this week, I shared a blog post where Delta Air Lines reported a huge $12 billion loss for the nine months ended September 2020. I was curious to see what’s going on with their cash and cash flow... so I "did my thing" to find out what’s going on... Continue reading
Posted Oct 22, 2020 at Philip Campbell's Blog
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What’s Going on with the Cash Flow at Delta Air Lines
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The pandemic has had a big impact on lots of companies…. especially the airlines. When I saw the huge $12 billion loss that Delta Air Lines reported for the nine months ended September 2020, I was curious to see what’s going on with their cash and cash flow. In my... Continue reading
Posted Oct 19, 2020 at Philip Campbell's Blog
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Finding the Dead Bodies Buried in Your Balance Sheet
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Do you know what kind of nasty surprises (losses) might be hiding in your balance sheet? Balance sheets are a place where good money often goes and hides… and rots… and dies. Then eventually it gets “flushed” through your P&L where the expense finally becomes visible for all to see.... Continue reading
Posted Aug 5, 2020 at Philip Campbell's Blog
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Profit is Your Friend
Here are a couple thoughts for you to “noodle” about creating profit in your business. “Here’s the deal, my friend: Profit is not an event. Profit is not something that happens at year-end or at the end of your five-year plan or someday. Profit isn’t even something that waits until... Continue reading
Posted Jul 27, 2020 at Philip Campbell's Blog
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The Cash Flow Survey Results Are In
In a recent blog post, I shared a super-fast survey that asked how do YOU define cash flow in your business? Now the results of that survey are in. I am curious to see how you voted and how your answer compares to the overall responses. In the survey results,... Continue reading
Posted Jul 6, 2020 at Philip Campbell's Blog
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The Confusing Definition of Cash and Cash Flow in Business
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When I use the word “cash” in the context of business, I am referring to “money”. Specifically, money in the bank. Cash is easy to measure. You can look at your balance sheet for any period and see a line item labeled “Cash”. It shows you how much cash you... Continue reading
Posted Jul 1, 2020 at Philip Campbell's Blog
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There is NO Number for Cash Flow in Your Financial Statements?
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The two words “cash flow”, by themselves, do not show up in your financial statements. You will NOT see a line item labeled “cash flow” on your P&L, balance sheet, or even in your statement of cash flows. In fact, if you run the Statement of Cash Flows in QuickBooks,... Continue reading
Posted Jun 29, 2020 at Philip Campbell's Blog
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How Do YOU Define Cash Flow?
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Managing cash flow in a business is confusing (even for accountants). One reason for the confusion is few people agree on how to define what "cash flow" really is in the first place. Is it one number on your financial statements? Is it profit? Is it a “flow” concept and... Continue reading
Posted Jun 22, 2020 at Philip Campbell's Blog
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A View Through the Financial Windshield of Your Business
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The rearview mirror in an automobile is a helpful feature in keeping you safe on the road. It helps you see dangers that may be lurking behind you. In fact, we generally have three rearview mirrors (and only one windshield). It would be foolish to drive without your rearview mirrors.... Continue reading
Posted Jun 15, 2020 at Philip Campbell's Blog
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Toward Financial Health and Peace of Mind in Business
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My books and writing are directed at business owners who are unhappy or uncomfortable with the financial health of their business. My message is aimed at the business owner who is feeling a growing sense of stress and frustration about the current and future cash flow of their business. The... Continue reading
Posted Jun 8, 2020 at Philip Campbell's Blog
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Step 1 in Business is to Survive
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I love Warren Buffett’s two rules of investing: Rule #1: Don’t lose money Rule #2: Never forget Rule#1 I was talking to a successful businessman years back who had built a number of businesses and was worth about $300 million or more. (And he had a super cool corporate jet... Continue reading
Posted May 27, 2020 at Philip Campbell's Blog
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The Third Shoe Box in Your Business
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“My dad used to run his own business. He was only high school educated. Every time I tried to complicate things when I was in college and I’d talk to him about his business, he would be like, ‘It’s three shoe boxes, Nick. It’s the money in, the money out,... Continue reading
Posted May 25, 2020 at Philip Campbell's Blog
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10 Tips for Weathering a Cash Crisis in Your Business
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Nothing can challenge the very existence of your business like a cash crisis. Employees are scared. Vendors are scared. Landlords are scared. YOU are scared. Having seen a cash crisis play out in business many times in my career, I wanted to list some tips that I have found helpful... Continue reading
Posted Apr 6, 2020 at Philip Campbell's Blog
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Pruning Your Way to a Healthy Business
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At a time when uncertainty is running high in business, now may be the perfect opportunity to consider what parts of your business may need “pruning”. “In your business and in your life, don’t just “cut back” and think that you have pruned. Pruning is strategic. It is directional and... Continue reading
Posted Mar 30, 2020 at Philip Campbell's Blog
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Maintaining a Healthy Cash Balance
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I like to have a healthy cash balance in businesses where I’m a shareholder/owner. A nice cash balance acts as a cushion against surprises. It helps you sleep better at night. Step 1 in my 10-step process for creating a financially strong business, is to build your cash balance to... Continue reading
Posted Mar 16, 2020 at Philip Campbell's Blog
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A Fun and Effective Way to Solve Problems in Your Business
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We all have challenges and roadblocks in business that are keeping us from driving our profitability and cash flow higher. Those challenges and roadblocks show up as problems that need to be solved. I stumbled across a fascinating approach to solving problems a while back that is both effective... and... Continue reading
Posted Mar 9, 2020 at Philip Campbell's Blog
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A Fun Way to Look at a Financial Forecast
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Here is a fun little exercise that speaks to the power of a reliable financial forecast in business. Stand up and cover your eyes with both hands so you can't see anything in the room. Now walk to the other side of the room without uncovering your eyes. That was... Continue reading
Posted Mar 3, 2020 at Philip Campbell's Blog
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Is Your Gross Margin Healthy?
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“Business is a game of margin, not volume.” That’s a quote from the fantastic book titled How to Sell at Margins Higher Than Your Competitors, by Lawrence L Steinmetz and William T. Brooks. It is almost impossible to have a healthy business if you don’t have a healthy gross margin.... Continue reading
Posted Mar 2, 2020 at Philip Campbell's Blog
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Are You Happy with the Financial Health of Your Business?
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I am working on a new book for business owners who are unhappy or uncomfortable with the financial health of their business. The book is all about helping you turn that discomfort into financial happiness and peace of mind. In short, the purpose of the book is to help you... Continue reading
Posted Feb 9, 2020 at Philip Campbell's Blog
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You Can’t Do Everything Well
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A couple times a year I pull out Ray Dalio’s book Principles. It is a fantastic book. Especially if you are the kind of person who can’t help but work on improving your business (and your life). Here are some quotes to ponder from the book. (These quotes start on... Continue reading
Posted Sep 30, 2019 at Philip Campbell's Blog
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