Let’s begin by defining the term. Cash Flow is the net amount of cash and cash equivalents going in and out of a company. The cash inflows are the revenues or income generated by the sales of goods … [Read more...] about Cash Flow Planning: Why, How, And What?
How To Plan For A Management Buyout: Tips For Successful Business Owners
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
Exit Strategy: Succession Planning Is Not Just For Larger Businesses – Considerations For Small And Medium-Sized Privately Held Companies
You have worked hard over the years to establish and grow your business through the good and challenging times. Your vision and beliefs are what molded this organization and its culture. What are your … [Read more...] about Exit Strategy: Succession Planning Is Not Just For Larger Businesses – Considerations For Small And Medium-Sized Privately Held Companies
Supply Chain Management For Manufacturing
Good Supply Chain Management is the Backbone of Well-Run Back Office Operation Business Analytics. All the functional areas in an organization are essential to driving a well-run and profitable … [Read more...] about Supply Chain Management For Manufacturing
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.
Hiring In A Tight Labor Market
This posting is different from your Father's job listing! In today's hiring environment, we must change our employee recruitment strategy! In an 'Employee's Labor Market' where fewer people are … [Read more...] about Hiring In A Tight Labor Market
Cash Flow Management
A cash flow management brief history. "Cash is King!" You probably have heard this old saying many times. Before there were ERP systems, computers, green ledger paper, balance sheets, profit & … [Read more...] about Cash Flow Management
Profit Engineering, A Cost Volume Profit Analysis. Investing For Growth And Surviving Loss Of Revenue In A Manufacturing Company
Profit engineering is all about managing risk both on the upside and the downside and discovering your target profit goals via cost volume profit analysis.Although a manufacturing company will … [Read more...] about Profit Engineering, A Cost Volume Profit Analysis. Investing For Growth And Surviving Loss Of Revenue In A Manufacturing Company
Improving Operational Systems – The WAY: Cash Management Is The Prime Contributor.
Improvement is only possible with adequate control and proper data collection and analysis. I will explain why cash management and financial control are the prime contributors to any operational … [Read more...] about Improving Operational Systems – The WAY: Cash Management Is The Prime Contributor.
Startup Funding: How do you get funded?
From funding for startups to an ongoing business, the principles of getting funded are the same; you must understand and explain how you monetize your dream. This article describes the basic options … [Read more...] about Startup Funding: How do you get funded?
Strategic Planning
What is the definition of strategic planning? The short answer is to monetize your vision statement. You may agree or disagree, but increasing the bottom line motivates the private and public … [Read more...] about Strategic Planning
Exit Strategy: How to Take the Emotion, Personal Identity, and Ego Out of the Succession Planning Process
What is succession planning? Succession planning as an exit strategy is one of the most rewarding and financially beneficial processes a business owner goes through to receive payments for their time … [Read more...] about Exit Strategy: How to Take the Emotion, Personal Identity, and Ego Out of the Succession Planning Process
How to Help Solve the Labor Shortage – Hiring People with Disabilities, A First-Hand Account of Employing the Physically Disabled
In a time when labor shortages are at an all-time high, now is an excellent opportunity for hiring people with disabilities. Small business owners, HR staff, and those who need a person to complete a … [Read more...] about How to Help Solve the Labor Shortage – Hiring People with Disabilities, A First-Hand Account of Employing the Physically Disabled
Succession Planning: Aspects to Consider and a Model to Implement KPIs to Funnel Succession
When going through the process of succession planning in a business, the most important part of the exit strategy process lies back before the process begins, in the actual planning phase itself. When … [Read more...] about Succession Planning: Aspects to Consider and a Model to Implement KPIs to Funnel Succession
Organizational Culture: What to know about Company Culture That Works
Organizational culture is one of the most important aspects of any business. It helps keep employees happy and motivated to work and fundamentally impacts how people perform in the company. Whether … [Read more...] about Organizational Culture: What to know about Company Culture That Works
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
The Recruitment Strategy for Hiring in the Current Economy: What Employers Need to Know
The current job market is challenging for both the candidate and hiring managers. There are more available jobs than qualified applicants, and the demand for skilled workers continues to outpace the … [Read more...] about The Recruitment Strategy for Hiring in the Current Economy: What Employers Need to Know
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?
Implementing Best Reporting Practices In Manufacturing
Whether your business is a startup, a growing organization, or a business going through changes, developing accurate and relevant reporting practices can feel overwhelming. Doing so, however, is … [Read more...] about Implementing Best Reporting Practices In Manufacturing
3 Topics For Transportation and Logistics
The transportation and logistics industry is currently going through some major transformations. These changes are creating opportunities and challenges. Successful shippers are looking for ways to … [Read more...] about 3 Topics For Transportation and Logistics
Protecting and Retaining Your Business Assets
The Significance of Human CapitalHuman capital is the engine that drives our business. Just like a car engine when it is not firing on all cylinders, our business does not run smooth when we have … [Read more...] about Protecting and Retaining Your Business Assets
Adding a Happy Hour To Your Business
The Happy Hour ConceptHave you ever wondered why bars have Happy Hours or restaurants have early bird specials? Why would anyone want to discount their food or drink offerings and make less money … [Read more...] about Adding a Happy Hour To Your Business
Defining, Addressing, & Capturing Your Target Market
To most of us, Marketing is magic.We hire some resources, spend some money, and hope our business grows as a result. Unfortunately, our experience with business marketing is that we spend a lot … [Read more...] about Defining, Addressing, & Capturing Your Target Market
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
Finding Alternative Suppliers For Your Business
One of the unforeseen aftereffects of a global pandemic has been an ongoing broken supply chain. Many companies have relied on a constant and consistent stream of products and raw materials from … [Read more...] about Finding Alternative Suppliers For Your Business
Take Back Control of Your Revenue
Sales revenue is the fuel for your business. The revenue from sales allows the business to generate profit, value, and ultimately freedom for business owners. Do you feel that you are not in control … [Read more...] about Take Back Control of Your Revenue
Time Management for Balanced Productivity
Widely considered a vital skill for workers, entrepreneurs, and anyone with a tight schedule, time management is something that many swear by. A recent study finally looked at the importance of time … [Read more...] about Time Management for Balanced Productivity
Sales Management Optics Funnel Management
GENERAL Sales Funnel Management is a sales productivity tool that allows Salespeople and Managers, to manage the sales process. Managing the sales process is critical to ensuring long … [Read more...] about Sales Management Optics Funnel Management
How To Improve Cash Flow When Your Business Is Growing
Cash flow is basically what describes what comes in and comes out of a business treasury, such as income from sales and/or bill payments. Its’ importance lies in the fact that it allows us to quickly … [Read more...] about How To Improve Cash Flow When Your Business Is Growing
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
Small Business Succession Planning
Succession HappensIt is either planned or forced. All people move on. If you're not planning for succession, you're not running your business.Succession planning is simple in theory but takes … [Read more...] about Small Business Succession Planning
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
Strategic Planning – Clear examples of Success
What is strategic planning?Let’s start with the most basic. Strategic planning is the process in which a business defines and executes a long-term plan to achieve organizational objectives through … [Read more...] about Strategic Planning – Clear examples of Success
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?
How Accounts Receivable Impact Cash Flow and Net Profits
The extension of ‘credit’ is often very lax in the startup phase of a business, and usually, no written policy exists. Past due accounts receivable is often a result of not clearly defining the … [Read more...] about How Accounts Receivable Impact Cash Flow and Net Profits
Importance of Marketing in Business
Marketing is a strategy that businesses do to advertise their businesses. Every business entity needs to understand such a strategy and how to employ it. Business sectors have been using marketing … [Read more...] about Importance of Marketing in Business
How to Design Incentive Programs that Work
To use incentives or not to use incentives, that is the question often being asked by managers in today’s competitive marketplace. Combating high turnover and looking for ways to increase productivity … [Read more...] about How to Design Incentive Programs that Work
How to Assess Revenue vs Profits for Business Health
Why to Learn How to Assess RevenueWall Street judges you on it. Shareholders demand it. Management scrambles to make it happen. Revenue growth is the mantra of modern-day business. Quarter by … [Read more...] about How to Assess Revenue vs Profits for Business Health
Leadership and Succession Planning
Typically, when starting a business, it is very uncommon for the entrepreneurial mind to see itself not being part of that business in the future. As companies endure through time, it becomes … [Read more...] about Leadership and Succession Planning
How to Manage Time Wisely for Effective Business
Defining time management.It would be easy to think that 19th-century writer, Leo Tolstoy, was thinking of the challenges a small business faces, when he wrote, “The two most powerful warriors … [Read more...] about How to Manage Time Wisely for Effective Business
Increasing Profitability In A Organization
A challenge facing owners and managers of all businesses is how to increase the profitability of the company. The focus almost always turns to increase sales revenue. The strategy is to increase sales … [Read more...] about Increasing Profitability In A Organization
Is Pricing Your Problem? Opening the Door to Higher Profitability
In startup and established businesses, the need to maintain a consistent revenue flow is constant pressure on management. In responding to the demands of management, sales efforts for any shortfall … [Read more...] about Is Pricing Your Problem? Opening the Door to Higher Profitability
80% of Failing Businesses Have Poor Job Costing
Job costing is where your revenue comes from. Poorly designed bidding structure and job costing means that profit margins are decreased or even nonexistent. Conversely, a well designed structure will … [Read more...] about 80% of Failing Businesses Have Poor Job Costing
10 Workflow Strategies to Improve Performance
Every business follows a certain workflow but what most businesses tend to overlook is the fact that these workflows can be improved and managed better.A manager surely understands how certain … [Read more...] about 10 Workflow Strategies to Improve Performance
Two Ways to Make Your Business More Successful
You know what is odd? Nobody expects successful experts - doctors, electricians, sports figures, lawyers, plumbers - to just wing it. We know they put a lot of time into learning about and training … [Read more...] about Two Ways to Make Your Business More Successful
How to Increase Profits Without Raising Prices
While it's undoubtedly true that one way to increase profits is to raise your prices, it's rarely the most reliable. It can be difficult to predict the effect price increases will have on your sales … [Read more...] about How to Increase Profits Without Raising Prices
The Secret to Business Success
Small business owners often struggle with how they can attract top talent for positions within their company that will best grow their business. Every business started small and will have at some … [Read more...] about The Secret to Business Success
Using Outlook to Get Organized in a Digital World
Why become organized with Outlook? Because the tools it offers can help you master the myriad and an increasing number of tasks you undertake each day. Disorganized people suffer more stress, become … [Read more...] about Using Outlook to Get Organized in a Digital World
Forming Strategic Partnerships Checklist
Look around and you will see that at every level of business - from Nike and Apple to your local landscaper and painter - companies are joining forces. Strategic partnerships are becoming more common … [Read more...] about Forming Strategic Partnerships Checklist
