BUSINESS BREAKTHROUGH #9 I often ask owners and executives what an hour of their time is worth. This exercise quickly clarifies priorities and helps them evaluate the time spent on work someone else can do. It also highlights the issue most people are grappling with in the workplace these days: distractions. Think about it…. Read More »
Use Good Business Practices
Bankers understand business, and they recognize well-managed businesses when they see them. Learn what they are looking for.
Communicate Proactively
In my interviews with bankers, proactive communication landed high on their list of what their best customers do well. Here’s how to talk with your banker.
The Unemployment Crunch
We are facing one of the tightest labor markets in 50 years. Employers are not able to hire enough employees to meet demand. This Wall Street Journal article on May 13 explained that small companies are adding employees at the slowest rate in eight years, not because they do not have the work for… Read More »
Understand Credit
As a business owner, you need to understand credit, risk, and how your banker measures your credit worthiness. Let’s look at the five C’s of credit.
Focus on Financials
The numbers are the scoreboard of your business, so it pays to understand them. Let’s look at the ones to focus on for success.
ARE YOU ADDICTED TO DISTRACTION
BUSINESS BREAKTHROUGH #8 ARE YOU ADDICTED TO DISTRACTION The average person checks their cell phone 40 times per day—even when there has been no alert to indicate a message or an email. If you are like the average person, then these addictive distractions are getting in the way of your productivity. During graduate school I… Read More »
Through Good Times and Bad
As a business owner, your relationship with your banker is critical to the success of your business. Let’s take a look into this important factor of business.
Beyond Limits to Results
How your business got to where it was may not get you to where you want it to be. You and your business both have to grow- Let’s look at how to do that.
NARROW YOUR CONCENTRATION
BUSINESS BREAKTHROUGH #7 If 20 percent of your efforts will generate 80 percent of your results as I discussed in the last business breakthrough, what would 20 percent of the 20 percent produce? You can produce extraordinary results by narrowing your focus and attention even more. Many business owners are overwhelmed by… Read More »