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What Every Business Owner Should Understand About Financials Part 4 of 4
- Every business should develop a culture of understanding of their financial statements and why the numbers within matter. Clarity about financial metrics and clarity about other key performance indicators (KPIs) Is an essential part of having accountability within an organization. In addition, as the old parable goes, to reach a destination, you first need to […] Read More
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The Top 7 Reasons Why You Should Have a Budget for Your Company
- During my 17 years as an ActionCOACH business coach, I have noticed several “themes” about business that keep coming back to the top of my work with my clients. Currently, my clients have been developing operating and development budgets for their businesses. A budget for your business is an important tool because it helps you […] Read More
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What Can We Learn About Our Businesses from How CPAs Prepare for the Tax Season?
- While working with my CPA firm client, I had a major BFO (Blinding Flash of the Obvious) that reinforces the value of several business concepts my colleagues and I repeatedly discuss with our clients. Preparation – For CPA firms being prepared for tax season is essential to getting through the crunch successfully. Preparation in their […] Read More
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What Can We Learn About Business From My Granddaughter?
- Originally posted 12/6/2013, revised 5/10/2022 Last week my 20-month-old granddaughter (now ten years old) suffered a broken pinky as the result of a stroller mishap. A few days after the accident my son-in-law sent me this photo of my granddaughter multi-tasking. After admiring how cute she is in the photo, I started thinking about, of […] Read More
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A BFO About Business from Sid Caesar’s Obituary
- Originally posted 2/13/2014, revised 4/2/2022. I was saddened to learn of the passing of the great comedian Sid Caesar, he was one of my favorites. While reading the obituary in my local newspaper, I had a Blinding Flash of the Obvious (BFO). I realized that one of Sid Caesar’s major pioneering milestones led to a […] Read More
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Everyone Is Short Staffed
- At the risk of piling on, and because many of the business owners and executives I am in contact with say that their top issue is finding and retaining team members, I want to share several concepts that speak to solutions to this problem. I have concluded that most organizations have imbalanced marketing. Their “internal” […] Read More
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It Is Not Too Early To Begin 2022
- Originally posted 12/4/2014, updated 12/8/2021 As the end of 2021 approaches a little introspection is in order. As a business owner, some of your fundamental roles include: coaching planning setting goals interviewing and hiring training creating managing How are you doing so far this year regarding your time in these areas? Ask yourself a few […] Read More
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February Is National Time Management Month
- Originally posted 2/12/2018, revised 2/11/2021. Since the National Association of Professional Organizers (NAPO) has declared February to be National Time Management Month, and in honor that, I’ve decided to vary from my usual theme of effective delegation. So here are a few strategies and tips that will help you better manage your time, and ultimately, […] Read More
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What Can We Learn About Business from Wimbledon?
- Originally posted 7/14/2015 revised 2/1/2021. It took 200 IBM statisticians to produce the statistics for Wimbledon and the BBC that we all consumed during this couple of weeks of tennis. So why are we consumed by this incredible amount of information that’s available? What is its purpose and how do we learn from what professional […] Read More
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Are you an Entrepreneur?
- Originally posted 3/6/2017. My wife and I took our grandsons to see, “School of Rock” on Broadway last weekend. There is one line in the show that struck a chord with me: “Not everyone is cut out to be a rock star, but if you are, then you’ve got to go for it.” What struck […] Read More
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