How to Plan for a Management Buyout: Tips for Successful Business OwnersMany entrepreneurs dream of growing their business and taking it to the next level. After all, that's what motivates people … [Read more...] about How To Plan For A Management Buyout: Tips For Successful Business Owners
Key Performance Indicators (KPIs): The Pros and Cons.
What is KPI? Let's begin by defining KPIs as quantifiable performance that measures a business objective over time. The goals are tied to milestones and gauge progress against an organization's … [Read more...] about Key Performance Indicators (KPIs): The Pros and Cons.
Construction Management. How To Improve Your Construction Productivity Process
Construction management is one of the most time-consuming operations. A construction project requires a lot of focus and attention to detail to evaluate its productivity. Spending excessive time per … [Read more...] about Construction Management. How To Improve Your Construction Productivity Process
What is Supply Chain Visibility?
The Supply Chain Management. Supply chain visibility is essential to running efficient and effective supply chain management. A lack of visibility can lead to inefficiencies, reduced productivity, … [Read more...] about What is Supply Chain Visibility?
Manufacturer Case Study – Business Process Management
Manufacturer Management ConsultingThis business process management case study is about a manufacturer providing custom metal fabrication and parts assembly located in Indianapolis, IN. … [Read more...] about Manufacturer Case Study – Business Process Management
Why Its Important To Maintain A Healthy Backlog
As businesses grow, we often experience times of plenty and times of drought. The balancing of these ‘feast or famine’ cycles is important to growing your business while steadily increasing … [Read more...] about Why Its Important To Maintain A Healthy Backlog
How To Increase Revenues Through Market Segmentation
Sales revenue is the fuel for your business. Developing a product or service that provides value that customers will pay for is what businesses strive for. The revenue from these sales is what … [Read more...] about How To Increase Revenues Through Market Segmentation
Maximizing Your Supply Chain Advantage
Every business relies on other businesses to provide materials, products, and services to accomplish your mission. These relationships are collectively referred to as your supply chain. They supply … [Read more...] about Maximizing Your Supply Chain Advantage
How to Adapt Operations and Scale Your Business
Every business owner dreams of his company growing from the very beginning. This dream often includes providing more income, more jobs, more products on a large scale. The challenge is, … [Read more...] about How to Adapt Operations and Scale Your Business
What Is Supply Chain Risk?
What do you know about critical supplies and the path travelled to your door?Discussions of risk have been at the front of our national and international dialog for over a year now. … [Read more...] about What Is Supply Chain Risk?
Time Management in Small Business
Managing your time is relevant to everyone, from kids in school to people at home or work. The issue of time management becomes even more paramount to owners of small businesses. We have all either … [Read more...] about Time Management in Small Business
Time Management | Utilizing Your Time Wisely
Very often, we hear clients, and peers, say “There isn’t enough time in the day to get everything done.” Yup! You are right; often, there is more to do in a day than there is time in a day. However, … [Read more...] about Time Management | Utilizing Your Time Wisely
Is Digital Transformation Necessary for Your Business?
The short answer to this question is yes. Digital transformation is not only necessary; it’s inevitable. As Henrique Dos Santos (past Senior Project Director for Cogent Analytics) writes, the topmost … [Read more...] about Is Digital Transformation Necessary for Your Business?
8 Steps for Small Business Project Management
Small Business Have a Big RoleSmall businesses play a big role in the overall health of the US economy and in the well-being of a large percent of the population. They employ almost half of people in … [Read more...] about 8 Steps for Small Business Project Management
Three Unavoidable Operational Risks
There are three unavoidable operational risks common to all businesses if they survive and grow. These risks are predictable and addressable, so long as the owner knows what they are looking for. … [Read more...] about Three Unavoidable Operational Risks
Inventory Management in 3 Steps
Many businesses manage inventory well. Firms that recognize the importance and benefits of excellent inventory management, typically have better customer service, higher margins, and more robust cash … [Read more...] about Inventory Management in 3 Steps
Business Continuity For Small Business Owners
Business Continuity is a highly relevant concept for any business. For an SMB/SME, it is even more critical as the SMB/SME typically has less duplication and redundancy than a Fortune 500 … [Read more...] about Business Continuity For Small Business Owners
Time Study For Small Businesses
Where does the time go? Can a procedure be more efficient? How long does it take an employee to finish a task? These questions and many more are posed by business owners every day. One of the best … [Read more...] about Time Study For Small Businesses
Company Vision Should Emphasize Customer Service
How can you create a customer-centered culture that promotes quality customer service? This is one of those things that a lot of owners have heard about, sort of know they need but have no idea how to … [Read more...] about Company Vision Should Emphasize Customer Service
Standard Operating Procedures Enable Success
There is not much in business that is as unexciting or demotivating as figuring out, writing and enforcing a standard operating procedure (SOP). But, standard operating procedures lead directly to … [Read more...] about Standard Operating Procedures Enable Success
Generating New Prospects
Often times our clients need to generate additional revenue. They may have a dozen good reliable customers but in order to increase their profits or cover their overhead or replace customers who stop … [Read more...] about Generating New Prospects
Ideas to Help Grow Your Small Architecture Firm
Service-based businesses often find that they simply don't make enough profit no matter how many clients they have or how amazing their staff members are.Let's take small architecture firms as an … [Read more...] about Ideas to Help Grow Your Small Architecture Firm
Don’t Let Employee Theft Decide Your Success or Failure
A major part of the American Dream is building and owning a successful business. Every year millions of dollars, hours of sweat equity and unlimited hope are poured into starting and running them. … [Read more...] about Don’t Let Employee Theft Decide Your Success or Failure
Identity Theft: How Vulnerable Is Your Business?
According to the Bureau of Justice Statistics, more than 17 million individual American citizens are affected by identity theft. Since the larger data breaches have occurred over the past year, the … [Read more...] about Identity Theft: How Vulnerable Is Your Business?
Procedural Systems: Get the freedom You’ve Always Wanted
Is there anything that gets a bigger yawn than talking about procedural systems?Maybe not, and it is too bad because a lot of business owners have the wrong idea about them.These are some of the … [Read more...] about Procedural Systems: Get the freedom You’ve Always Wanted
Paperwork Can Make Your Life Easier – Really!
No, seriously - paperwork can make your life easier if it is the right kind. If it is the wrong kind it can make your life much more difficult (living hell comes to mind).Did you know there is a … [Read more...] about Paperwork Can Make Your Life Easier – Really!
SMBs: Begin Tech Prep Now for 2020 Competitive Edge
Alright, so perhaps we're pushing it a bit by looking at how we can help small businesses prepare now for 2020. However, we're of the opinion that with the speed in which technology and business … [Read more...] about SMBs: Begin Tech Prep Now for 2020 Competitive Edge
Predictive Analytics 101
Businesses of all sizes, for decades, have been seeking answers as to how they would have the ability to improve negative business functions vastly before disaster strikes. With this knowledge, … [Read more...] about Predictive Analytics 101
Rewards: Unnecessary Pay, or Positive Reinforcement?
Most every small business owner desires dedicated, hardworking and loyal employees. The problem is how to do you cultivate and reinforce those values? We pay people what we believe to be a fair and … [Read more...] about Rewards: Unnecessary Pay, or Positive Reinforcement?
Effective Management
Business colleges may take a semester or two to cover this topic. There are in-depth charts and analyses to sharpen one's skills. However, for those of us that no longer have the time to devote to a … [Read more...] about Effective Management
3 Challenges in Transportation
It is an excellent time to be in the transportation industry. E-commerce has been good for it and will continue to fuel its growth. Growth creates challenges and trucking companies - who want to be … [Read more...] about 3 Challenges in Transportation
Get to Really Know Your Customer (And Make More Sales)
Ask a business owner what he needs to make his company successful, and most likely he will say "sales."Then, using the questions below, ask him about his customers, and most likely he will give … [Read more...] about Get to Really Know Your Customer (And Make More Sales)
Strategic Planning – How Important is it?
A lot of business owners know about the benefits of strategic planning, especially when they see their competition using it and growing. But, many do not know if it will help their company.One … [Read more...] about Strategic Planning – How Important is it?
How to Get Your Project Approved
So you have a great idea and want to pitch it to your leader. You know it's a great idea, so how do you persuade the powers that be to give you the green light? Well, as the joke goes all leaders are … [Read more...] about How to Get Your Project Approved
MDM and How BOMS Can Blow Up Your Clients & Customers!
If you have ever worked in manufacturing or any logistical capacity that supports manufacturing; then you have worked with the Bill of Materials. BOMs are the core of your logistical master data. An … [Read more...] about MDM and How BOMS Can Blow Up Your Clients & Customers!
Wholesale Distributors – Beware Tech Hype
There is no question about it, technology has changed the industry of wholesale distribution, and it will continue to do so. If you are not already, you will soon be using these words - drones, IoT … [Read more...] about Wholesale Distributors – Beware Tech Hype
3 Ways to Get Control of Your Accounts Receivables
What is the number one reason small businesses fail? The answer is simple - they run out of money. They do not have enough cash flow to keep the doors open. There can be many reasons for why they do … [Read more...] about 3 Ways to Get Control of Your Accounts Receivables
Too Many Hats – Tracking the Work
In most instances, we find that small business owners really enjoy the technical aspects of their job. They are passionate about "Doing the Work" - getting their hands dirty. Many also like the thrill … [Read more...] about Too Many Hats – Tracking the Work
Why It Is Time to Take Cyber Security Seriously?
Do you lock the doors when you leave your business unattended? Is your office or building protected by a security system? Are your outside tools, machines, parts and vehicles surrounded by a fence and … [Read more...] about Why It Is Time to Take Cyber Security Seriously?
Why Employees Steal – Because They Can
Like millions of other Americans having your own business has always been a dream of yours. But, unlike most of them, you went out and did it. You put time, money and effort into making your company a … [Read more...] about Why Employees Steal – Because They Can
Understanding and building an SOP
Companies are founded in order to provide a needed product or service. To grow and be successful, a company must provide its products and services at a consistent price and quality level. Successful … [Read more...] about Understanding and building an SOP
Understanding the Value-added Performance and Feedback System
Performance Management:Performance management is the creation and effective implementation of a working environment within which employees are empowered and subsequently enabled to perform to the … [Read more...] about Understanding the Value-added Performance and Feedback System
