Renaissance for LEADERS

Peak Performance Resources for Leaders by Leaders

Tag: Resources

Budget

1. The amount of money or resources earmarked for a particular institution, activity or time-frame. 2. An itemized summary of estimated or intended expenditure for a given period; usually coupled with expected revenue. 3. A systematic plan for the expenditure of a usually fixed resource, such as money or time, during a given period. 4. The total sum of money allocated for a particular purpose or period of time.

Capital

1. Material wealth in the form of money or property. 2. Wealth in the form of cash or property that can be used to earn income. 3. The net worth of a business, which is the amount by which its assets are greater than its liabilities. 4. What you own free and clear. 5. Money that can be used to produce further wealth. 6. Advantage derived from or useful in a particular situation. 7. Any resource or resources that can be used to generate economic wealth. 8. The capitalist class considered as a group. 9. The assets of a business that remain after its debts and other liabilities are paid or deducted.

Cash Cow

1. A metaphor for a dairy cow that has calves annually, produces milk daily for life while requiring little maintenance. After the initial capital outlay has been paid off, the cow continues to produce milk and birth more cows that produce milk and more cows for many years. This is an example of an initial investment that grows geometrically over time. The Cash Cow Formula: 1 Cow + 1 Bull + 1 paddock + food + water = an exponential supply of cows and milk. Limited only by the supply of resources (paddock, food, and water.) 2. Products or services that have become market leaders, provide positive cash flow and a return on assets that exceeds the market growth rate. These products produce profits long after the initial investment has been repaid and help to fund company growth, leverage expansion and increase creditworthiness.

Ephemeralization

A term coined by R. Buckminster Fuller, is the ability of technological advancement to do “more and more with less and less until eventually you can do everything with nothing,” that is, an accelerating increase in the efficiency of achieving the same or more output (products, services, information, etc.) while requiring less input (effort, time, resources, etc.). Fuller’s belief is that this “doing more with less” process will result in ever-increasing standards of living for an ever-growing population despite finite resources.

Expense

1. The amount of money spent in order to buy or do something. 2. The value of a resource that has been used during the current accounting period and can be charged against revenues for that period. 3. Something that costs money, usually a lot of money, to buy, keep, or run. 4. The using up or loss of something.

Real Estate

A property comprised of land, buildings and any natural resources including flora and fauna, farmed crops, livestock, water, and minerals. Real Estate can be grouped into three categories: residential, commercial and industrial. Examples include undeveloped land, houses, condominiums, townhomes; office buildings, warehouses, and retail store buildings; factories, mines, and farms.

Scarcity

1. The state of being scarce or in short supply; shortage, dearth, paucity. 2. An economic principle where resources are limited and human needs are insatiable. Even with technological advances, there are never enough resources to satisfy the ever-increasing demand, therefore, sacrifice requires giving up something, or making tradeoffs in order to obtain more of what is wanted. Competition for scarce resources is driven by the market, where prices are one way to allocate scarce resources. The tension between available resources and the money to pay for them drives people to compete to make money. Both money and time are scarce resources. Most people have too little of one, the other, or both. An unemployed person may have an abundance of time and find it difficult to pay rent. A successful executive may be financially capable of retiring whenever they want, yet eat five-minute lunches and work 20 hours a day! Other people have very little time or money. The ideal is to have an abundance of time and money, however very few people achieve it.

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