Management
Management
One Percent Will Change Everything
If you set out to improve your profit by one percent, will you succeed? I bet you won't and here's why: It's too small a target to drive sustainable change.
That is not a reason to give up. Let's just change how we look at the problem. To begin, there are three obvious places for companies to improve their bottom line.
Management
Five Numbers That Are More Important Than You Thought
Many rental company owners find their financials confusing. There is a constant stream of expenditures - many are hard to classify. How do you judge the success of a month when the expense and revenue go across two months? Why are percentages important some times and not others? Which numbers are important to my situation?
Making quick sense of financials is the first step to diagnosing both problems and potential. Here are my five go-to assessments:
Management
Business Progress 2 Point Oh!
A few years ago I wrote an article about the four stages of business. Today, many of my clients actively review their progress through levels I defined, but we have discovered a sticky point that needs some additional clarification.
Management
All Projects Are Created Equal
My old boss has a saying, "We are in business for fun and profit. If we are not making a profit it's not any fun." All projects start out fun and profitable. What happens next is really up to us.
Management
3 Financial Metrics You Should Be Tracking
I have a love-hate relationship with financial dashboards. The longer a specific report has been in use, the more likely I am to find a stagnating metric. You see, dashboards have a magical power to keep numbers in check, which on one hand is intentional, but on the other hand - corrosive.
