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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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It Seemed Like a Good Idea at the Time
- While walking around my neighborhood I noticed a utility company situation that has been in existence for at least an entire year. At first, I dismissed it, but its persistence inspired me to discuss the dangers to businesses, of all types and sizes, of quick fixes that seemed like a good idea at the time. […] 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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Effective Delegation vs. Abdication – Part 2
- Originally posted 12/6/2013, extensively revised 8/8/2022 (revisions are in Italics) Why You Say You Don’t Want To Delegate? I’ve surveyed many clients over the years, and the top reasons I have heard for not delegating are: It will take too much time I can’t afford the time to train someone to do this No one […] Read More
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Effective Delegation vs. Abdication – Part 4
- Originally posted 2/3/2015, updated 8/23/2021. As part of my on-going series about the art and science of effective delegation, I will discuss two topics in this blog; The prerequisites of effective delegation and how to prepare to delegate. The Key Prerequisites of Effective Delegation There are several essential items you should address before delegating a […] Read More
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2017 Business Excellence Forum – Blinding Flashes of The Obvious Part 4
- Originally posted 5/31/2017. Paul Dunn continued with his presentation by switching gears to speak about the concept of price anchoring. He presented a case study based upon the fact that most people remember the last thing they see or hear. The case study involved adding eight words at the end of a price quotation for […] Read More
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