Doug returned to the dyeing factory from the beachfront, washed away the cold with hot water, and sorted out the recent accounts.

In the beginning, the accounts of the printing and dyeing factory were drafted by Ross, and Doug sorted them out every day.

However, as the business relationship at the dyeing house began to become more complex, so did Doug's daily busyness.

Ross Sketch, the model he put together, was too inefficient and somewhat out of place.

While there were many Yale students who wanted to help, how could Doug be sure that they really wanted to help, or if they wanted to steal the company's finances?

So, although Williams didn't study business. But Doug still put him in charge of the bank's finances.

With the current scale of the printing and dyeing factory, what Doug needs more than ability is loyalty.

"Is this your account?" said Doug, holding the ledger.

"Yes, teacher......" Williams replied, listening to the teacher's tone, as if there was a problem with his statistics, but he was not good at asking, for fear that the teacher would think he was too stupid and stupid, so his tone hesitated slightly.

Doug looked at the daily expenses and income, and seemed to be very clear, and the handwriting was also very neat, and the ledger was slightly disappointed.

But......

Who made Williams not study business?

He said in as calm a tone as possible, "I can see that you remember to keep accounts very carefully." But, Williams, it's not just about doing things with your heart, you also need to pay attention to the ways and means. You have a running account like this, remember it clearly, even if it seems that there is no problem, but in fact there will still be problems.

Haven't you noticed these days that the accounts in some places always feel that something is not right, but you can't find the problem when you look at the account books?

You go get a new book, and I'll teach you a set of bookkeeping methods. ”

Doug took the new ledger and said, "The bookkeeping method I taught you is not new, it is called double-entry bookkeeping. We can think of the money we hold as a pool.

The inflow of money is the increase in the amount of water in our pool.

The outflow of money means that there is less water in our pool.

When we get the money, someone loses it.

If we lose funds, someone will get them.

Your original method of accounting is just to keep a record of our own pool. It seems to be an accurate record of the increase and decrease of water in the pool, but there is a lack of contrast, a lack of anchors, so there is more and less and we cannot find it in the accounts.

If we record the other pools, we will not have as much water as someone else has put in the water?

Is there as much water that we are flowing out as we are from others?

If it's different, isn't there a problem?"

Williams listened to Doug's explanation, looked at the two columns of "debit" and "credit" on the ledger, and felt suddenly enlightened.

However, the excitement of his new knowledge was not over, and Doug began to indoctrinate new concepts with him.

"William, I don't know if you've noticed something. That is the flow of water between the cistern and the cistern.

I named this flow of water and named it cash flow.

That's when we find out. Even if there is a lot of water in the cistern, if it doesn't flow, no matter how much it is, it's meaningless to me.

So......

Now let's sort out the accounts of the printing and dyeing factory, and we will come to a conclusion. ”

Doug checked Williams's journal and quickly re-booked according to the double-entry accounting method.

After the accounting was correct, Doug pointed to the balance above and asked, "Can you see the characteristics of the capital flow of the printing and dyeing factory from here?"

Williams' gaze first fell on Doug's finger, and then swept down from bottom to bottom, and the business status of the printing and dyeing factory was clear at a glance.

Before the sale of "Monopoly", the printing and dyeing factory was spending pure every day, and there was basically no balance on the books.

From the start of the sale of "Monopoly", to the first wave of sales of "Monopoly" on the Yale campus, to the expansion of sales to New Haven City, to the sales boom of New Haven City, to the sales boom brought about by the Little Shoe Shiner incident in recent days.

The income of the printing and dyeing factory has surged like several peaks.

The printing and dyeing factory also began to make a profit from pure expenditure, and the water in the reservoir began to gradually have a 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 does not have any 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 broke out in a cold sweat when he thought of this.

Seeing his expression, Doug opened his mouth and said, "You can already see it." The financial situation of the printing and dyeing factory is dangerous, and it does not look safe at all.

But is it necessary to make the printing and dyeing factory financially safer?

Or rather......

After reducing the rate of capital flow in exchange for financial security, what you gain is really more than what you lose?

I think it's less.

In my opinion, the operating company is like a cup on this table.

Five cups have only three lids.

But most of the time, the five cups are not used together.

In this case, as long as someone uses a cup with a lid, isn't it okay?

Is it not a problem that even if there is no excess water in the reservoir at all, only before the other subjects have to pump the water, they have time to replenish the corresponding water?

Williams, there are many opportunities to make money in this world. But money is limited.

Therefore, we can only make the money flow faster and do more with limited money.

This is my way of doing business, and I hope that you, as my students, will be able to understand and implement my theory. ”

"Teacher......" Williams only called out to the teacher, and then he didn't know what to say.

Doug's approach was extremely shocking to him.

According to Williams's understanding of management, he believes that management is how much money you have to do how much work.

Even if this thing fails, at least it won't end up on the streets. Even, if there is room for it, there is still capital when doing the next thing.

This is also the opinion of the vast majority of Americans in this era.

Even if the rich rival countries such as "Captain" Vanderbilt, the business model is the same.

However, there are already so many predators with huge capitals in the market.

If Doug wants to rise, how can he also adopt such a conservative economic policy?

10,000 years is too long, seize the day!

Even Doug's start-up capital was borrowed. He is not qualified and unlikely to adopt a conservative business policy.

If you don't advance, you will retreat!

Forward! Forward! Forward!

Doug can only keep moving forward!