Leadership

80/20 Rule for Forks in the Road

In business, just as in our personal life, we often come to the proverbial “fork in the road”. Maybe the 80/20 rule for forks in the road can help with decisions. Sometimes it is as simple as choosing one of two things, but more often it involves selecting from a multitude of options. In other words, life’s not always straight forward, including when it comes to business. Read the rest of this entry »

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Long Tail and 80/20 Rule Analysis

Have you ever considered the concept of the long tail and 80/20 rule analysis? There is a reason they go hand-in-hand, but first some starting comments.

First, if you are not familiar with the long-tail here is the basic concept. Within any 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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Beware the Negative Employee

The warning beware the negative employee is important as at some point nearly every worker has an encounter with one. But just why is the warning so important? 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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Employees are Not Pawns

Have you ever worked at a company where the everyday employee was treated as if they were expendable? There was likely either an owner who alone or with the cooperation of a favored few simply ran roughshod over everyone else. They perhaps have either forgotten or chosen to ignore the reality that employees are not pawns to be manipulated like they were part of some sort of game. If you’ve ever played the board game of chess you know that pawns are Read the rest of this entry »

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In Business You Must Keep Learning

For a company to survive be sure to understand that in business you must keep learning. There is no two ways about it; change is continuous and what worked yesterday or even today will likely not work in a few years or even a few months. Read the rest of this entry »

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Accounting is More Than Theory

Some business owners think accounting is boring and they may be right, but then again maybe not. What does that mean? Read the rest of this entry »

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Financial Details Can Mask the Big Picture

Do you sometimes find yourself bogged down in the financial details of your business? If so you may be missing some important insights. By insights I mean seeing and comprehending the true essence of something. When it comes to the financial aspects of your business the financial details can mask the big picture if you get caught up in them. Read the rest of this entry »

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The Details Matter in Business

How well do you know the details of your business’s expenses? Just as in your personal life, the details matter in business. Read the rest of this entry »

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