This area of the blog will be dedicated to the broad category simply called “Operations”. Much of the focus will be dedicated to the common components that people skip for one reason or another. I will show you the details to consider and tie those to the dollars and cents of your business. Most people … Continue reading Conversations with a Consultant – Operations
A question was submitted to address- “…how to assess and compensate for Supply & Demand in a small business?” Supply and Demand is one of the necessary factors a business needs to aggressively monitor due to its direct correlation to the businesses ability to generate revenue. Supply & Demand is one of the 5 key … Continue reading Suppy & Demand’s role in Strategic Planning
All businesses will use at least one form of “Succession Planning” strategy during its lifetime. This phrase can mean many things to a business owner. Succession Planning is subject to scale and scope of a business, and like any strategy, the most effective ones are developed over time and employ specially designed resources. Transitions are … Continue reading Succession Planning – the How, When, & Why
From our “Ask an Expert” blog – John L. asks – “You mentioned in your recent article (Why Marketing alone can’t save your business) that a business should focus more attention on fixing common reasons businesses fail before addressing Marketing. What are those issues you are referring to?” Thank you for the question and reading … Continue reading Why Businesses Fail? – Avoiding common statistics
During a recent google search, I found an interesting article that listed the top 50 questions asked to “Consultants in 2016”. Literally 48/50 were related to some form of Marketing, Social Media or SEO. While those are very important reasons to look for an expert, I am concerned(and my business shows) that many businesses are missing out … Continue reading Why Marketing alone can’t save your business
A strong team knows what it needs to accomplish and is comprised of people capable of doing it. It is management’s job to ensure there are tools to get the job done and the right people in place to do it. It is leaderships role (often the same person as the manager) to ensure the … Continue reading Bad Hiring habits are a Cancer to your business
Stop – Breathe – Plan Financial Earnings have been reported lower for 8 quarters in a row for the S&P 500(source). Many economists are weary of another recession even though there are some positive signs. But at the very least Janet Yellens recent announcement of a “mixed picture” ahead speaks to a challenging 2016 and … Continue reading Low Earnings / Low Profits? What to DO?
I received a question about our recent post regarding Financial tools every business needs regarding the Profit and Loss Statement. The question is… ” Which is the single most important number to help manage your business on the P&L?” The answer quite simply is the “% Variances” column. Not all P&L reports even have that … Continue reading P&L’s – The most important number?
Businesses of all sizes will eventually need to prepare and manage three basic financial statements. They are included in any comprehensive Business Plan and I will show you how they are commonly used for business strategy and routine Operations Management decisions. These are the Profit & Loss Statement (P&L), the Balance Sheet, and the Cash Flow Statement. … Continue reading Non Profits & Small Business – 3 Keys to Finance Basics
Training Seminars & Workshops Business Boot Camp Great for Business Planning, Profitability Problems, Organizational Effectiveness & Strategic Planning– 4 hrs This non industry specific seminar discusses how to dissect your business into the 4 key areas needed to generate revenue. Learn what business areas have the greatest impact on growth and where you should be … Continue reading General Business