Doug returned to the printing and dyeing factory from the seaside, washed away the cold on his body with hot water, and sorted out his recent accounts.
At the beginning, Rose recorded the accounts of the printing and dyeing factory and compiled them every day by Doug.
However, as the business relationships of printing and dyeing factories began to become complicated, Doug's daily tasks also increased.
Rose's story, the model he summarized was too inefficient and somewhat out of place.
Although many Yale students want to help, how could Doug determine whether they really want to help or steal the financial situation of the printing and dyeing factory?
Therefore, although Williams did not study business, Doug still asked him to be responsible for the financial affairs of the printing and dyeing factory.
Judging from the current scale of the printing and dyeing factory, what Doug needs more is loyalty than ability.
"Is this the account you counted?" Doug said with the account book.
"Yes, teacher..." Williams replied. He heard the teacher's tone, as if there was something wrong with his statistics, but he was not easy to ask, because he was afraid that the teacher would think he was too stupid and stupid, so he spoke a little hesitant.
Doug looked at the daily expenses and income, and the account book, which seemed to be very clear and the handwriting was very regular, was slightly disappointed.
but……
Who made Williams not study business?
He said in a gentle tone, "You can see that you have a good time to keep your account. However, Williams, it is enough to do things with your heart, but you also need to pay attention to the methods. Remember your account clearly, even if it seems to be fine, you will still encounter problems in fact.
Haven't you found that the accounts in some places all these days always feel that they are not right, but you can't find the problem when you look at the account book?
You go get a new account book and I will teach you a set of accounting methods."
Doug took the new account book and said, "The bookkeeping method I taught you is not new, it is called the double bookkeeping method. We can treat the funds we hold as a pool.
The inflow of funds means that the water in our pool increases.
The outflow of funds means that the water in our pool has decreased.
When we get the funds, someone will lose them.
If we lose money, someone will get the money.
Your original method of accounting is just to record our own pool. It seems to accurately record the increase or decrease of water in the pool, but there is a lack of comparison and anchor points, so there is more and less, and we cannot find it from the accounts.
If we record other pools, will the total amount of water we flow in as much as the water we let others go?
Is the total amount of water we flow out as much as others?
If it is different, is there a problem?"
Williams listened to Doug's explanation and looked at the two columns of "borrow" and "credit" on the account book, and felt enlightened.
However, his excitement to master new knowledge was not over yet, and Doug began to instill new concepts like him.
"William, I don't know if you noticed one thing. It's the flow of water between the reservoir and the reservoir.
I named this water flow, cash flow.
At this time, we will find that even if there is a lot of water in the reservoir, if it does not flow, no matter how much it is, it will be meaningless to me.
so……
Now we will sort out the accounts of the printing and dyeing factory first, and we will come to a conclusion."
Doug compared Williams's turnover and re-entered the bookkeeping method very quickly.
After the calculation was correct, Doug pointed to the balance amount above and asked, "Can you see the characteristics of the capital flow of printing and dyeing plants from here?"
Williams's eyes first fell on Doug's finger, and then swept down from bottom to bottom, making the operating conditions of the printing and dyeing factory clear at a glance.
Before the sale of "Monopoly", the printing and dyeing factory spent pure money every day, and there was basically no balance on the books.
From the start of "Monopoly" to the first wave of sales on Yale campus, to the expansion of sales to New Haven, to the sales boom in New Haven, to the sales boom in New Haven, to the sales boom in New Haven, to the rise in sales due to the Little Shoewizard incident in recent days.
This has led to a surge in the revenue of printing and dyeing plants.
Printing and dyeing factories also started to make profits from pure expenses, and the water in the reservoir began to gradually increase surplus.
However, whenever the printing and dyeing factory has a slightly larger surplus, these surpluses will be quickly withdrawn by the teacher.
Judging from the accounts of the printing and dyeing factory, the printing and dyeing factory has no ability to resist risks at all.
If "Monopoly" can't be sold every day, the printing and dyeing factory will go bankrupt the day after tomorrow.
Williams was shocked and sweated in a cold sweat when he thought of this.
Doug saw his expression and opened his mouth and said, "You have seen it. The financial situation of the printing and dyeing factory is very dangerous and does not seem safe at all.
But is it necessary for us to make the financial situation of the printing and dyeing factory safer?
Or...
After reducing the capital turnover rate and earning financial security, do you really get more than you lose?
I think it's less.
I think the operation company is like a cup on this table.
Five cups have only three lids.
But most of the time, five cups are not used together.
In this case, as long as the cup someone uses has a lid, is that okay?
Is it okay to have no extra water in the reservoir, and only when other subjects need to pump water, is there no problem?
Williams, there are many opportunities to make money in this world. But money is limited.
Therefore, we can only allow money to flow faster and use limited money to do more things.
This is my business method, and I also hope that as my student, you can understand and implement my theory.”
"Teacher..." Williams only called out to the teacher, and he didn't know what to say next.
Doug's approach was extremely shocking to him.
Based on Williams' understanding of business, he believes that business is about how much money you have to do as much work.
Even if this thing fails, at least it will not be left on the street. Even if there is room for room, there will be capital when doing the next thing.
This is also the view of the vast majority of Americans in this era.
Even if you are rich enough to compete with a country like "captain" Vanderbilt, the business model is the same.
However, there are already so many giants with huge capital in the market.
If Doug wants to rise, how could he adopt such conservative economic policies?
Ten thousand years is too long, I have to seize the day!
Doug even borrowed money from start-up funds. He was not qualified and could not adopt a conservative business policy.
If you don’t advance, you will retreat!
Go forward! Go forward! Go forward! Go forward!
Chapter completed!