Guiding Light CFO

This is a tough situation for the business. In lieu of their former CFO's misrepresentation of financials, the lender called the loan. Super tough... Per the article, it seems that the original owners will still be involved in operations even with the blessing of the litigating lender (Farm Credit). Based on how the article reads and another article I read last week, this situation could have been kept out of the courts and mediated between the lender and the business. Key Lesson: Business is business... Keep emotions out of it if at all possible.

https://www.kentucky.com/news/business/article311706509.html?fbclid=IwQ0xDSwMMCMJleHRuA2FlbQIxMAABHslZuMgwqr0A1XjUVCEGhuDm4LPUDxI9raO7FTLOhQKFubGaOps-OK4_jTJj_aem_XK228mvMDpcq0H-__Di04A

Judge orders receivership for troubled Uncle Nearest whiskey distillery It was unclear what the owner’s role will be in marketing Nearest Green.

Keep going in spite of the challenges and difficulties you may face as a small business owner. Stop looking for perfection or having a riskless operation... it doesn't exist. Be a problem solver and face the challenge head on.

3 Business Lessons Learned From Reading This Year in Jerusalem 3 Business Lessons Learned from reading This Year in Jerusalem

'What kind of society isn't structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of system.' - Milton Friedman

'qiangda chutou niao' - 'shoot the bird that flies in front of the flock'... 'Mao wanted no outside force, no independent institution, to survive... The purpose of culture was not to enlighten or entertain, they (Chinese Communist) insisted, but to spread political propaganda.' - China Wakes by Nicholas Kristof and Sheryl WuDunn

Belief Sells. Period.

When Phil Knight first pitched Nike in Japan, he had no company, no product, no proof. Just belief.

And somehow? That was enough to get a yes.

Recent Book Review: https://www.guidinglightcfo.com/post/book-review-shoe-dogs-by-phil-knight

Shoe Dog reminded me of something big: Your belief in what you’re doing will always be more powerful than any perfect pitch deck or fancy logo.

Whatever you’re building, the question isn’t just “Is it ready?” It’s “Do you believe in it enough to stand in front of it—even when it’s not?”

That kind of belief? Unstoppable.

Book Review: 'Shoe Dogs' by Phil Knight Here's a book review on one of my recent reads: 'Shoe Dogs' by Phil Knight

"...In any merger, the acquiring party often finds that the target company has a few problems that are worse than expected..." - 'Private Empire: ExxonMobil and American Power' by Steve Coll