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
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
Revenue Growth Through Product Development
Difficult times often require rethinking a company's products and markets to maintain or grow revenue. These last months have certainly been a time for owners to review their business model and … [Read more...] about Revenue Growth Through Product Development
Designing Organizational Systems
In today’s global market, it is becoming more complex and competitive to efficiently and effectively run an organization. This article will address some key principles which need to be … [Read more...] about Designing Organizational Systems
Recruiting and Hiring Practices
When speaking with clients about Recruiting and Hiring processes, one of the first things I always hear about is their challenges in filling the role with the right candidate. This always gets me … [Read more...] about Recruiting and Hiring Practices
What’s Going to be New in 2021?
2020, The Year of Innovation.2020 has been an incredible year for innovation opportunities and possibly a wakeup-call or reset of complacency or standard thinking. Yes, it was a strain on our … [Read more...] about What’s Going to be New in 2021?
How Root Cause Analysis Applies to the Business Owner
As a business owner, how many of you end up spending a great deal of valuable time addressing the same issues over and over? Many of you can identify with this question and are looking for ways to … [Read more...] about How Root Cause Analysis Applies to the Business Owner
Two Uses For a Business Consultant
Founders and owners of privately-held companies are experienced, proud, and capable people who have shown that they possess the drive, fortitude, and business smarts to start a company and then to … [Read more...] about Two Uses For a Business Consultant
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?
