Many factors contribute to being successful in business. Having a sound strategy, having a marketable product or service, and having efficient processes are all important. But it falls to the people within the organization to actually execute on the strategies, plans, and processes to make a business successful. I know that many leaders understand this […]
Most small business CEOs have their bookkeeping fairly well in in order. But, are you using the numbers in your accounting to make key strategic decisions about your business? CASE STUDY Sally has four stores on one accounting system – the numbers are well kept for each store and for the company as a whole. […]
If you’re finishing up your business plan and starting to think about presenting it to potential investors and lenders, you MUST spend quality time and energy preparing your presentation. Format your presentation properly, and you’ll impress your readers – banks, venture capital leaders and other potential funders – before they even take the time to […]
It’s amazing how many people put a statement like the following in their business and/or strategic plan: “The total market for our product is projected to be $1 billion in five years. If we only get 10% of it, we will be a $100 million company in five years.” This is also known as the […]
So you’re looking for an advantage out there in the marketplace. Why not try a fresh angle? Look at your own personal integrity. The dictionary definition of integrity uses the term, “an unimpaired state of being.” You may or not realize that you have a bunch of “impairments.” I know I do. Don’t we all […]
As NABOE members, we are all intrepid thinkers and doers. Our August 10th gathering featuring speaker Asghar Mostafa was compelling in that it helped us think beyond our business today, to what it could look like tomorrow. Mostafa’s experience in successfully building and selling his various businesses highlighted that if you have one great idea, […]
It’s simple in theory. You want to remedy any deficiencies in your business before it’s too late, before it requires a massive transformation to turn things around. But how do you know you’ve got a problem in your business that, if left unattended, will put the health and future of the entire organization at risk? […]
In part one, we looked into the first two of five early signs of a troubled company operation. They were related to communications and customers. Now, let’s take a look at the other critical warning signs to help you detect trouble in your business. Team Let’s revisit the quote from Simon Sinek here that “Customers […]
In the age of the Internet, where it seems that any service or commodity imaginable is available at the click of a button, do insurance brokers still matter? ABSOLUTELY! The Obama administration’s Affordable Care Act (ACA / Obamacare) may seem simple and consumer-friendly –“just go online to enroll,” but rates have soared over the past […]
Turning around businesses and dramatically improving performance is something I’ve done repeatedly over the years. A lot of friends and colleagues have come to recognize me as an expert in this area, so I’m often asked whether a quick business turnaround is possible, if turnarounds are easy, and whether a turnaround solution is even affordable […]
Remember when flying was fun… and then it really wasn’t? Let’s take a look at the airline that changed all that – that broke the mold – that marketed itself from the inside out as a different kind of airline and restored joy to air travel. Herb Kelleher, Southwest’s CEO focused way beyond merely transporting […]
I am constantly having conversations with CEOs of privately held businesses, often 3 to 4 times each week. I ask a range of questions during my visits and in this post I am providing one of my favorites, “What bit of advice do you wish someone had given you prior to starting your business?” Here […]
Globalization Primer – An introduction to preparing your business and products for success in international markets I came across a great Globalization Primer put out by the Localization Industry Standards Association (LISA) published a few years ago and want to share it with you. The authors Arle Lommel and Rebecca Ray introduce you to the […]
The Credit Crisis visualized is a great primer on what the crisis that put the world on the brink of financial ruin. This video is the everyman’s (and woman’s) guide. Enjoy.
You have to have a good sense of humor when watching the videos from xtranormal on the economy.
Quantitative Easing is has been held up as one of the solutions to keep the economy moving along. Here is a humorous look at this questionable practice. So funny it will make you cry.