8-Dimensional Chess:

In the world of business, what has been the demise of many companies is what I call deceptive success or cash flow. A company that does not have an analytics system that accurately digitizes the success of the strategies and approaches of the front office, is headed for trouble. A common mistake businesses make is having only one bank account. This is extremely dangerous as there is always enough money to pay for what you want, and you assume you will pay it back and move on. But this is a false assumption, and you have no system or any metrics of reporting and validating cash. Reports are important, but validating a company's success by measuring cash is the most accurate financial position.

At Molin and Molin, we have established that a financial chessboard is a necessity for your money management system. The chessboard is not just a means to an end but is built for a purpose. To generate pure profit and manage a sophisticated financial engine, a financial strategist and analyst have to engage in many chessboards that are equivalent to playing an eight-dimensional chess. The ability to play eight-dimensional chess takes education, experience, and intuitive knowledge, which is hard to describe.

The financial excellence of our money management system allows you to know exactly how much money you have in five general categories in bank accounts so you can determine how much money you need in each category every month and how much runway you have by category. Categories can be income accounts, payroll accounts, overhead accounts, liability pay-down accounts, subscriptions, meals, and entertainment. Money flows into the income account, and it's decided how it is distributed to other accounts determined by priority and need. The payroll account has the highest value of priority, as a business cannot miss payroll, and flexibility is given in the other accounts.

Reports are essential, but cash is king. If you are creating pure profit, you are creating free-flowing cash that should reflect in your bank accounts eventually. If not, something is wrong and needs to be investigated. Reports can be very tricky because they are a snapshot for the time they are generated. We use reports as a guide to validate cash, but we always verify by cash because it gives us the most comfort level.

At Molin and Molin, we believe in building an effective financial back-office machine using bookkeeping and accounting structure, cash management discipline, and technology and business analytics to drive profits. We have years of experience in working with numerous profitable organizations, and we remain a strategic financial manager and director who enjoys building relationships, working with talented people, and winning as a team. We can help you build a solid financial engine that will ensure your business is on track and has a bright future.