Business Growth

80/20 Expense Analysis

The term 80/20 expense analysis is not one you hear every day, but it is a concept that can be highly useful to managing and improving a business. Read the rest of this entry »

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When the Economy Slows What is Your Plan?

Think about this, when the economy slows what is your plan? Throughout history the economy has had periods of growth, decline, or merely remaining stagnant. Often a company is humming along nicely when suddenly, Read the rest of this entry »

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Absolutes and Business Wisdom

Both absolutes and business wisdom are relevant to operating a business. Just what does that mean?

Business absolutes are things like the balance sheet must balance. Wisdom involves things that you don’t have to do but that require the ability to discern what is best. An example of wisdom is whether to use Read the rest of this entry »

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Be Cautious in Your Assumptions

Assumptions make it more efficient to operate but also can harm results, so it pays to be cautious in your assumptions. Read the rest of this entry »

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80/20 Targeting

If you find yourself getting off track in trying to stay focused on a major project, then 80/20 targeting is a technique that likely can help you. Read the rest of this entry »

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80/20 Accounting

The 80/20 rule (Pareto Principle) is one of the most useful we will ever encounter. Let’s discuss its use with 80/20 accounting. This is about focusing on the 20% of customers, products, expenses, etc. that account for most of our company’s results. Read the rest of this entry »

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Speed Up by Slowing Down to Think

The phrase speed up by slowing down to think may initially seem absurd. If you’re like me you periodically seem so busy that slowing down to think appears unlikely at best. Read the rest of this entry »

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Determine What Really Matters

Are you so wrapped up in busywork that it’s hard to determine what really matters? There are of course several things you can do to help minimize the distraction of busywork as well as things like interruptions. Perhaps the most powerful one I have used personally is Read the rest of this entry »

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Consider a Variety of Business Information

Do you consider a variety of business information when making decisions, or are you stuck in the habit of only looking at a few things you think are important? Read the rest of this entry »

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Remember What Your Business Is

Do you ever get so caught up in details that you essentially fail to remember what your business is? Of course this question is a little tongue-in-cheek as I doubt anyone truly forgets what they are selling. Rather this has to do with how we all can get so distracted by the nitty-gritty details of running a business that we Read the rest of this entry »

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