Posts Tagged ‘business planning’

Think for Results

You have probably heard the question, “What were you thinking?”, and it usually is a result of you or someone else having done something that seemed foolish. This is a common question parents ask their children, but it is relevant in the work world as well.

Actions Start with Thoughts

Before any action is taken we have thought in some manner, even if subconsciously. For example, if you want to Read the rest of this entry »

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Is it Urgent?

Everyone at some time feels the pressure to do something that either they or someone else has deemed urgent. But is it urgent?

Some Background

In the posting Triage for Business Issues we looked at how we use our time with a diagram based on Stephen R. Covey’s book The 7 Habits of Highly Effective People. The diagram has four quadrants as follows:

  1. Urgent and Important
  2. Not Urgent but Important
  3. Urgent but Not Important
  4. Not Urgent and Not Important

Amazingly many people manage to Read the rest of this entry »

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Who is My Customer?

When I look at some businesses I sometimes think they have never considered the basic question, “who is my customer?”

My Customer is Everybody!

Some businesses think everybody is their customer, but the truth is not even Walmart can say that. Some people simply will not shop there. But, let’s get back to your small business. You are Read the rest of this entry »

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When Something Doesn’t Work

The reality of business is that change is not only inevitable, it is necessary. But, with that comes a risk. This is about how we respond to failure, as in do we give up, learn and make changes, or go another direction?

Not All Change is Positive

Whether caused by others, like competitors and customers, sometimes a change comes to a business that on the surface appears Read the rest of this entry »

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Monthly Financial Closing Plan

Does your company always seem to be late getting monthly financial statements? The solution may be simpler than you think.

A Case in Point

Several years ago I took on a new client. When I did so the individual who had been doing what I would be doing spent just a few days familiarizing me with his routines. As he was doing so I kept thinking something was missing. Actually there turned out to be several things missing.

For Starters

After I fully took over what was missing began to become apparent. First, there was Read the rest of this entry »

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Validate Your Information

How often do you hear someone tell you something that seems incredible, only to learn later it’s not true? This occurs in both personal and business situations. Of course this makes sense as, whether we like it or not, personal and business get mingled together.

If it Sounds Too Good to be True

We’ve all heard the saying, “If it sounds too good to be true, it probably isn’t.” Of course this is a warning not to believe everything we hear. However, sometimes we are surprised that something actually Read the rest of this entry »

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3 Reasons to Keep QuickBooks Current

Most all of us have faced a situation where we were forced to catch-up on a lot at one time. It’s not fun. Even something as simple as cleaning out a basement or garage can seem overwhelming. Record keeping can be the same, especially for a business. Since I work with QuickBooks I know how difficult it can be when trying to get things current. In the process of helping a client get QuickBooks setup and operating I have had a chance to see just how difficult and discouraging it can be when starting from several months behind. To say the least, it is highly time consuming and increases the likelihood of errors. Here are 3 reasons to keep QuickBooks current. Read the rest of this entry »

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Testing Your Business Idea

For years I’ve loved working with start-ups and early stage businesses. There are numerous reasons, including the uncertainty and the need to be able make quick changes as the business begins to unfold. You might wonder why I would like uncertainty. Well, I like it because it keeps challenging me to grow and learn. If you are starting a business or even trying to grow a relatively new one, you will find it more enjoyable and improve your likelihood of success if you learn to like or even love uncertainty and change and the challenges both present. Whether a start-up or simply a relatively new business, you will need ways for testing your business idea.

The Disadvantage That Once Existed

It was not that long ago that you had to invest a lot of time and money simply to see if Read the rest of this entry »

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Unplanned Obsolescence

We’re all familiar with the concept of planned obsolescence, but what about unplanned obsolescence. Planned obsolescence is when a product is designed to have only a limited life because it becomes outdated due to loss of functionality, appearance, customer appeal, or perhaps simply wears out. In general, planned obsolescence is somewhat intentional, the idea being that customers will either have to or desire to replace a product when is becomes obsolete. Read the rest of this entry »

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The Dynamic Business Model

Have you ever wondered why what was once a thriving business seems to suddenly be struggling? Much of this I believe can be contributed to not embracing what I refer to as the dynamic business model.

Some Insight

Several weeks before writing this I read an article discussing how the business models for several of the social media companies were changing. The underlying reason was that the way consumers consumed information and communicated was in flux. While much of this change is being driven by Read the rest of this entry »

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