Posts Tagged ‘personnel management’

Cut Costs Wisely

Many companies have experienced or are continuing to experience a decline in sales. For many it has been significant. Without adequate sales, it is a struggle to cover costs and be profitable as well. Some companies have addressed this by borrowing more. While there may be some situations where this is necessary, many times it would be better to cut costs and manage assets and liabilities more effectively. Remember, those loans will have to be repaid at some point and this can place a heavy burden on a company.

There is a Downside to Cutting Costs

You may have decided to cut costs (expenses and asset purchases) as a way to address the decline in business. Good. That is one of the first and more effective things you can do. But, you need to cut costs wisely. For example, Read the rest of this entry »


What You Say Matters

A Bad Experience

Recently I was shopping for a gift. What the gift was makes no difference. It was, however, something that was relatively expensive and needed to be researched carefully to be certain the purchase was a wise one.

I went in a store that shall remain nameless and became interested in a particular model. The price was excellent, but still it made sense Read the rest of this entry »


Do You Lead or Manage?

Have you ever considered the difference in leading or managing? Often companies put people in a leadership position and all they really do is manage. Let me elaborate.

CFO or Controller

It is common in small companies to have the head of the financial operations to be called a CFO (Chief Financial Officer) or a Controller. Frankly, my observation is that this rarely is based on anything other than what the CEO or President of the company wants or even a personal desire of the person in the position. While there is some overlap, there is really a fundamental Read the rest of this entry »


Healthcare Law Impact

As you certainly know by now, the results of the November 2012 election made it a certainly that the Affordable Care Act (Obamacare) will be implemented over the next couple of years. Just what does that mean to you?

A Nightmare

This law will have major effects on nearly all businesses, particularly those with over 50 employees. The requirement for employers with over 50 employees to provide health care or pay a fine creates a dilemma for many. Some will decide that the increases in premiums that are expected present Read the rest of this entry »


The Age Issue

What’s In a Number?

If you have followed the job market at all you are probably familiar with the issue of age discrimination. It is real, but perhaps overblown. Or, is it? So, what is in a number? Is there some magical number for someone’s age at which they are no longer useful in the work world? Let’s look a little closer.

When Age May Matter

Suppose your company needs someone who is able to Read the rest of this entry »


Business is Messy

My background is accounting, finance, and operations. In particular the accounting part of this can be messy. There always seems to be too much paperwork. Of course now much of that is being converted to digital documents, but still there is a lot of mess associated with accounting.

It’s about More than Paperwork

As messy as paperwork can seem, there are other aspects of business that are even messier. For example, consider Read the rest of this entry »


What Do You Do Well?

Whether we consciously think about it or not, nobody has all the answers and skills needed to successfully run a business. In an earlier blog, The Know It All, I discussed the frustration of working with someone who is a know-it-all. Likely, we all have encountered someone like this.

We are All Unique Individual

Each person brings a unique blend of personality, skills, talents, abilities, gifts, and passions to the table. It is the responsibility of management to Read the rest of this entry »


Employee Development

Your company has experienced growth and as a result you now find yourself facing new challenges. If you are like many business owners and managers, you may be wondering if the employees you have are up to the challenge.

How Have You Prepared for This Moment?

Think back over the time your company has existed. When did you hire each employee? Have you been deliberate in training them? Have you given them responsibilities that Read the rest of this entry »


Creativity | Vital to Your Business

As you have undoubtedly heard, the world has gone through periods known as the Agricultural Age, the Industrial Age, and the Information Age. Both the industrial age and the Information Age were driven by advances in ways to accomplish work. Additionally, each also made certain abilities and skills highly valuable and others became less valuable. Now we are told that a new age is upon us – the Age of Creativity.

The Driving Force

In a nutshell, one of the key driving forces for the Age of Creativity is the ability to Read the rest of this entry »


CPA Firm or CFO | Which Do You Need?

If you are a small company you know that it is nearly impossible to have in house all the skills you will require. Probably, like most small business owners, you are concerned with keeping expenses under control, and as a result you have a staff that can handle the day-to-day functions. When it comes to financial matters, depending on the size and complexity of your business, you likely have a controller or bookkeeper and perhaps one to three others that handle specific areas such as accounts receivable or accounts payable.

When You Need More Financial Horsepower

Again, most small businesses as well as large ones have those times when they need Read the rest of this entry »


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