Management
Management
Three Budgets You Can’t Ignore
If you call me or any other business advisor for advice, sometime in that first 30 minutes you are going to express concern about a business outcome and we are going to ask you about the relevant budget.
It's OK to say you don't have a budget if you don't. You are not alone.
Management
Implement Dynamic Pricing – Now
When you factor in capacity, timing, and cash flow - no two companies will ever have an identical cost basis. So why do we focus so much energy on price?
Management
Five Habits That Will Recession-Proof Your Business
No one is really talking about it yet outside of the financial planning circles, but it is not a secret: There is a Recession coming and it is going to sting because we have had it so good for so long!
How soon? How big? How long?
Management
The Myth of Career Advancement
A couple of years ago I did a webinar called "The Ten Myths That Are Hurting Your Business." It was probably one of the most poignant webinars I ever did and I still receive comments from clients about a "myth" they are living.
I want to expand on one myth in particular because with today's low unemployment and strong economy, employee retention and advancement are more important than ever.
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: