A good part of my morning was spent moving money around. In case of good or excellent Christmas sales I secured an operational loan (privately) to have as a backup. Looking out based on current forecasts I will likely not need it, BUT I so don’t want to be scrambling and giving up sales in case the year turns out better than it is. So, with the funds, I handled my previous loans that were are a rate higher than my new rate. So, this way I’m saving a few points AND YET have the extra juice incase I need it.
The nice thing out of that that banking simplified a lot, with a lot less accounts/payments/etc. to worry about.
I kept looking at cash flow out for the 2009 and 2010 – and I keep thinking how good in looks. In fact, its looking too good – and that is making me worried that I’m missing something. I keep visiting ad revisiting looking for logics/data/assumption flaws.
But overall, one decision I made was to go ahead and hire on another developer. Spencer, the Australian developer is working 3 days a week, so his timelines are stretching. He is an amazing guy and would love to have him more BUT he is not available for more now. So, from $ point of view, if I’m investing $50K into software development, BUT I don’t get use of it for 2 years – I’m much better getting in a 2nd developer to push the development forward. So that I’m not tying up $50K in development. Anyways – basic economics at play.
Approved a whole pile of paperwork today – I was so resistant to changing anything – I MUST (I MUST) not change anything for at least a month – so I can see how its all working. I MUST! 🙂
So overall, the day was 10% Strategic, 80% operational, 10% tactical.