Entrepreneurs who did not finish schools
Steve Jobs - Apple
Bill Gates - Microsoft
Michael Dell - Dell Computers
Henry Ford - Ford Motor Company
Richard Branson - Virgin
Kemmons Wilson - Holiday Inn Hotels
Jerry Yang - Yahoo
Mark Zuckerberg - Facebook
Mary Kay - Mary Kay Inc.
Russel Simmons - Def Jam Records
Ted Turner - CNN
J.K. Rowling - Harry Potter Empire
Colonel Harland Sanders - Kentucky Fried Chicken
John Mackey - Whole Foods
David Neeleman - JetBlue
John D. Rockefeller Sr. - Standard Oil
Ray Kroc - McDonalds
Ralph Lauren - Polo
Michael Lazaridis - Research in Motion Blackberry
Tom Anderson - MySpace
Walt Disney - DisneyLand
Tyra Banks - Bankable Productions
Larry Ellison - Oracle Corporation
Jay Van Andel - Amway
Cornelius vanderbilt - Railroad Magnate
Albert Einstein - Father of the Atomic Age
Thomas Edison - Genral Electric
Monday, August 2, 2010
What is a cashflow?
Cash flow is the movement of cash into or out of a business, project, or financial product. It is usually measured during a specified, finite period of time. Measurement of cash flow can be used..
>>to determine a project's rate of return or value. The time of cash flows into and out of projects are used as inputs in financial models such as internal rate of return, and net present value.
>>to determine problems with a business's liquidity. Being profitable does not necessarily mean being liquid. A company can fail because of a shortage of cash, even while profitable.
>>as an alternate measure of a business's profits when it is believed that accrual accounting concepts do not represent economic realities. For example, a company may be notionally profitable but generating little operational cash (as may be the case for a company that barters its products rather than selling for cash). In such a case, the company may be deriving additional operating cash by issuing shares, or raising additional debt finance.
>>cash flow can be used to evaluate the 'quality' of Income generated by accrual accounting. When Net Income is composed of large non-cash items it is considered low quality.
>>to evaluate the risks within a financial product. E.g. matching cash requirements, evaluating default risk, re-investment requirements, etc.
Cash flow is a generic term used differently depending on the context. It may be defined by users for their own purposes. It can refer to actual past flows, or to projected future flows. It can refer to the total of all the flows involved or to only a subset of those flows. Subset terms include 'net cash flow', operating cash flow and free cash flow.
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>>to determine a project's rate of return or value. The time of cash flows into and out of projects are used as inputs in financial models such as internal rate of return, and net present value.
>>to determine problems with a business's liquidity. Being profitable does not necessarily mean being liquid. A company can fail because of a shortage of cash, even while profitable.
>>as an alternate measure of a business's profits when it is believed that accrual accounting concepts do not represent economic realities. For example, a company may be notionally profitable but generating little operational cash (as may be the case for a company that barters its products rather than selling for cash). In such a case, the company may be deriving additional operating cash by issuing shares, or raising additional debt finance.
>>cash flow can be used to evaluate the 'quality' of Income generated by accrual accounting. When Net Income is composed of large non-cash items it is considered low quality.
>>to evaluate the risks within a financial product. E.g. matching cash requirements, evaluating default risk, re-investment requirements, etc.
Cash flow is a generic term used differently depending on the context. It may be defined by users for their own purposes. It can refer to actual past flows, or to projected future flows. It can refer to the total of all the flows involved or to only a subset of those flows. Subset terms include 'net cash flow', operating cash flow and free cash flow.
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