The start of a new year is the perfect opportunity to reflect on the past and set the stage. A well-thought-out plan can be the foundation for success….Read more »
Something to Talk About
What’s clear is that word of mouth is one of the most effective marketing tools available. So, what are your clients and customers saying about your business?…Read more »
Net Income Is NOT Cash
Many business owners tell me they are making money, but they have no cash in their accounts to work with. Too often business owners look at the net income (profit) on the bottom of their P&L and think they are making money and have cash in their business. Reality says otherwise. Remember that profit is… Read More »
Business Doesn’t Have to Be So Hard
When I was a teenager, my mother and stepfather got divorced and my mom and I moved to a mountain community and lived in a cabin that my aunt owned. We lived there while my mom ran a bakery that she had purchased with the proceeds from her divorce. The mountain cabin had no insulation,… Read More »
The Power of Managers to Boost Your Organization’s Performance
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 »
CEO PROJECTIONS FOR 2019
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 »
Discover What NO Can Do for You
As you begin 2019 with the end in mind—the goal of creating your best year ever—some things will probably need to change. One big thing is learning to say no to time wasters and “busyness.” These are traps that keep you from achieving the results you desire. Many business owners think that because they are… Read More »
BEGIN WITH THE END IN MIND
At the start of this new year, I am thinking again about beginning with the end in mind, a concept brought to my attention in 1989 by Stephen Covey. This is habit two in Covey’s pivotal book The Seven Habits of Highly Effective People, which I have read five times. I required the management staff… Read More »
You Should Pay the Tax Man
You Should Pay the Tax Man It seems that more and more businesses are operating in tax-avoidance mode. I understand the desire to not pay The Tax Man more than your fair share, but in minimizing your tax burden, you may be creating bigger problem. The Problem As a business owner in tax-avoidance mode, you… Read More »
Cash Flow
What Cash Flow Can Tell You Inadequate cash flow is like Kryptonite was to Superman; without cash your business will suffer and eventually die. Yet most business owners I meet are not tracking their cash flow. They look at their P&L and balance sheet, but they do not conduct… Read More »