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What Every Business Owner Should Understand About Financials Part 3 of 4
- Financial reports are only useful if you apply the information within them for making informed decisions. Reviewing statements without acting is like reading a GPS and never turning the steering wheel. Forecasting Your Financial Statements are a snapshot of your business’s financial performance up to a given moment in time. They contain a backwards look […] Read More
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What Can We Learn About Business from William LeMessurier?
- I just finished reading a great book about the crisis that arose from a major mistake made in the 1970’s in the structural design of New York City’s Citibank Tower. In the book “The Great Miscalculation” by Michael Greenburg it is revealed that the structural engineering firm LeMessurier, headed by William LeMessurier. had made a […] Read More
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Are You Preparing to Sell Your Business? – Ten Essentials
- Preparing a business to sell is a complex process that requires careful planning and execution. While the specific steps may vary depending on the nature and size of the business, here are ten essential things to do to prepare for the sale of your business, even if you have no plans to sell at this […] Read More
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Arrogance and Incompetence – The Deadly Elixir of Poor Performance
- This Blog was written by my good friend and colleague ActionCOACH Kevin Weir (republished with permission). The Peter Principle tells us that a person will rise to their level of incompetence. This may be true in all sorts of endeavors. However most individuals, when they reach this level, willingly ask for assistance or will be […] Read More
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The Top Six Misconceptions About Business Coaching
- Business and executive coaching is an increasingly popular tool that many entrepreneurs and business owners are turning to in order to improve their performance, gain competitive advantage, and achieve their goals. However, despite its growing popularity, there are still many misconceptions about what business and executive coaching is and how it can benefit individuals and […] Read More
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What Can We Learn About Business from The Boston Pops – Part 2
- Originally posted 7/31/2014, revised 4/1/2022. About two weeks ago I went to a wonderful Boston Pops concert at Tanglewood. While enjoying the concert, my mind wondered to business, and I had two Blinding Flashes of the Obvious (BFOs). My first BFO was the subject of Part 1 of this post, that a well-run business is like […] Read More
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Would I Fire My Client If I Owned His Company?
- Originally posted 10/10/2014, revised 1/6/2022. During a coaching session the other day, one of my clients asked me a very interesting question. To paraphrase his question –> given his shortcoming number one, and shortcoming number two, and etc., “if you (meaning me) owned my (meaning his) company and I was your employee, would you fire […] Read More
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Effective Delegation Part 3 – What You MUST Delegate If You Want Your Business To Grow
- Originally posted 12/4/2014, revised 9/14/2021. As part of my on-going series about the art and science of effective delegation, and in response to questions I have been asked, I have developed the following Top 10 List: The Top 10 Items You MUST Delegate Activities that will speed up your cash flow – This includes collection […] Read More
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2017 Business Excellence Forum – Blinding Flashes of The Obvious Part 3
- Originally posted 5/3/2017. Day two was kicked off (no pun intended) by Tim Brown, 1987 Heisman Trophy winner, NFL Hall of Fame member, and very inspirational speaker. Here are some of my Tim Brown BFOs: Be the coach Be sure of yourself & your approach Emphasize team Look for & guide team members to see […] Read More
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Are Things Going Well?
- Originally posted 12/2/2017. Earlier this week I attended a breakfast event, part of the Hofstra University Scott Skodnek Business Development Center’s Distinguished Lecture Series. The event was a Keynote Conversation with Brett Yormark, the CEO of Brooklyn Sports & Entertainment. Mr. Yormark was interviewed by Kevin Law, the President & CEO of the Long Island […] Read More
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