Posts Tagged ‘principle’

Don’t Repeat the Past

In business or any endeavor the past should remain just that; the past. You’ve likely heard the quote by Sara Shepherd, “Those who forget the past are doomed to repeat it” or one of many variations from numerous other individuals. Let’s think about the implications. Read the rest of this entry »

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Do You Really Need Debt?

How many small businesses with debt really need it? If you are a small business here are some things to consider.

A Faulty Assumption Perhaps

As I follow others thoughts I cannot help from but be surprised at how many think that in order to succeed in business they have to take on debt. What makes this interesting is that so many of these are start-ups or very young businesses. Reading between the lines, I have come to the conclusion that many have simply assumed they would have to borrow to start or Read the rest of this entry »

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Surviving Change

Change is one of things we seem to either love or hate. Listen to some of these phrases about change. The Times They Are a-Changin (song by Bob Dylan), “Change or Die”, “The Only Thing That Is Constant Is Change.” (Quote by Heraclitus, Greek Philosopher), and “Money and success don’t change people; they merely amplify what is already there” (Quote by Will Smith). Obviously these are just a few statements about change, but they do illustrate four important things about change.

  1. Change inevitable, so embrace it (See Change or Become Irrelevant)
  2. Change is essential (see We’re Making Money – So Why Change?)
  3. Change is continuous (See Ready for Some Change?)
  4. Change test our character (See The High Price of Integrity)

Change is Inevitable

There is a humorous quote by Albert Einstein that says Read the rest of this entry »

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80/20 Rule for Receivables Management

Perhaps you’ve heard of the Pareto Principle that is better known as the 80/20 rule. Simply stated, it says that for many events roughly 80% of the effects come from 20% of the causes.

Some Examples

A school may find that 20% of their students create 80% of their problems, while another 20% achieve 80% of their positive results. It’s true in other organizations. In churches, 80% of the volunteer work often is done by 20% of the membership. Though the actual percentages may vary slightly, it still is fundamentally accurate much of the time, sad as that may be. If you own a business, look carefully to see who is accomplishing the work. Again, you may find that Read the rest of this entry »

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Is That Really the Truth?

We live in a time when we are inundated with news, facts, figures, claims, statistics, and other information. This growth in available information is accelerating as the methods of spreading it are added. We now have word of mouth, mail, email, websites, Google and other search engines, Linked In, Twitter, Pinterest, Google+, and the list continues to grow. In fact the available ways to send and receive information can be overwhelming.

But There’s a Problem

With all the information with which we are bombarded, how can we tell what is true, and even if true is it valuable? First, what is truth? I once heard a definition that I think is helpful. Truth is anything (symbol, word, etc.) that corresponds to reality. So, for example, the word light corresponds to the reality we know at light, and likewise the word two or the symbol 2 correspond to a particular value we know.

The Problem is Truth Claims

Each day we hear numerous statements, some of which Read the rest of this entry »

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A Company Diet

You may be wondering what I mean by a company diet. Have you ever had the experience of stepping on the scales, then being in shock at your weight gain. It seems as if the pounds came from nowhere, in essence just creeping up on you. However, if you were to take some time to think about what you have been eating, look at your exercise routine, and consider if you are getting adequate sleep, you just might be surprised that your weight gain is really no surprise at all.

A Company Weight Gain

Okay, I know we don’t weigh a company, but actually something goes on in most companies similar to Read the rest of this entry »

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How to Get the Bank off Your Back

I can remember on more than one occasion observing where a client’s bank just wasn’t buying what the client was saying anymore.  Perhaps you have had a similar struggle with your bank.  There are some things you can do to Read the rest of this entry »

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