Banks are an important part of every business. Knowing your banker during good times can help you out in bad times. Here’s how to build that relationship.
BUSINESS BREAKTHROUGH #5 Vilfredo Pareto, a nineteenth-century Italian economist, wrote a mathematical model describing income distribution in Italy and found that 80 percent of the land was owned by 20 percent of the people. It turns out the Pareto principle applies to just about everything in nature and business, including sales, customers, products,… Read More »
A business without cash is a dead business. Instead of playing guessing games with cash projections, let’s look at how to understand your cash flow.
A recent headline in the Wall Street Journal(March 23, 2019) read “One Fix for All That’s Wrong: Better Managers.” The report by author Sam Walker was based on research from the Gallup Organization. I read the article and was intrigued so I downloaded the Gallup research report and found that they had surveyed more… Read More »
Numbers drive your business, so you have to understand them. Numbers are a scoreboard, and you want to know if you’re winning. Let’s take a look at them.
As part of my Vistage worldwide membership I receive their updates on the economy, and the CEO Projections for 2019 caught my attention. It seems that CEO confidence in the economy has continued to decline into this year. Although CEOs expect revenues to rise and even profitability to improve for now, they see economic headwinds… Read More »
Sure, discipline can mean punishment, but that diminishes its importance in getting your target outcomes. Here’s how discipline can improve your business.
As business owners, a vision and plan is important, but you need to execute that plan. Execution takes intense focus. Here’s some power focus methods.
The First Quarter of 2019 We are almost through the first quarter of 2019. Are you planning to have your best year ever? If so, it will only happen if you are more intentional about it than you were in 2018. Best years do not just happen. You make them happen by backing up your… Read More »
It is not sufficient to just have a clear vision of where your business will be in the future. You need a plan of action to bridge the gap between your current state and your desired future to help guide you along the path and prevent getting loss.