Business Planning

Every Business Needs Accounting Done Right

Whether you’re a sole proprietor or a multi-employee small company, every business needs accounting done right. In the article Does a Part-time CFO Makes Sense? I touched on this issue, but let’s look a little deeper. Read the rest of this entry »

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Time to Try Something Different

How often have you or someone you know tried something repeatedly only to see it fail each time? For most of us it is more than we care to admit. It’s amazing how often people act foolishly and fulfill the saying attributed to Albert Einstein, “Insanity: doing the same thing over and over again and expecting different results.” So, here is the question. If we know what we’ve been doing is not working and we know that it is insanity to keep doing the same thing, why do we? Read the rest of this entry »

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What Do You Need to Succeed?

When something seems as if it can’t be done, have you ever considered asking yourself the question, “What do you need to succeed?” In the blog Ask What Would Make the Impossible Possible I touched on this in regards to others saying something was impossible. However, often the “Doubting Thomas” that is stopping us from proceeding is ourselves. Remember the expression from Read the rest of this entry »

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A Mistake Should Not Derail You

No matter how well any of us do our job, mistakes will occur. How do you respond when this occurs?

Freeze

I recall a number of years ago a person I worked with made a mistake that apparently wiped out inventory counts from the computer. Her first response was Read the rest of this entry »

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Identify the Worst Case Scenario to Stop It

We all hate to consider what could go wrong simply because we often view it as negative thinking. It can be negative but doesn’t need to be that way.

A Little Preventive Maintenance

Think for a moment about your car. If you are wise you have routine maintenance performed. Of course some of that is Read the rest of this entry »

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Don’t Attack Your Competitors’ Strengths

Are you trying to compete against your competitors’ strengths? Well, if you are and have the resources to do that then maybe you’ll be successful. But there is no guarantee.

Why Not?

If a competitor already has developed strengths that you do not possess, first consider if they are ones you Read the rest of this entry »

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Stay Focused and Move to the Goal

Most of us have had the experience of struggling to do something only to hear someone say, “Focus. You can do this.” This is common in sports and school, yet the idea applies just as aptly in the business arena.

What Does It Mean to Focus?

Basically focus is the main point of attention. In optics one definition is a clear and sharply defined image. Combining these two ideas we have a picture of what it means to stay focused in business. Read the rest of this entry »

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The Proactive Business versus the Reactive Business

Does your business take a proactive approach or merely react to events? The difference is more than semantics.

What Does Proactive Mean?

Essentially being proactive means being anticipatory or to prepare for the unexpected. For example, rather than Read the rest of this entry »

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Advantage of an Aggressive Business Approach

When is it appropriate to be aggressive in business? The answer is not as straight-forward as it may seem.

What is Aggressive?

Definitions of aggressive are varied, ranging from unprovoked offense to boldly assertive or pushy to competitive to making an all-out effort to win. For purposes of this article I will eliminate those Read the rest of this entry »

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Three Advantages of a Narrow Business Focus

How often do you find yourself feeling overwhelmed with all you have to do? In business it may involve juggling multiple business interests. Nearly all of us have experienced the frustration that comes with this. There are some distinct advantages to reducing the number of things you are focusing on. Read the rest of this entry »

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