In his classic book, Good to Great, Jim Collins refers to the importance of getting the “right people on the bus” and then getting them all in the “right seats.” This is key because who we attract and hire to our organization takes precedence over what they do. You simply can’t achieve consistent results until […]...
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Do you never have enough time to get through your task list, leaving you constantly dealing with urgent issues on the fly? Or are you in the driver’s seat, completing projects on time and working productively and efficiently? The thing is time management is an illusion. We need to see time management for what it […]...
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Delegation is the ability to hand over responsibilities and activities to other people on your team. But often delegation turns you the business owner into what effectively becomes a hub and spoke setup where nothing happens in your business unless somebody consults with you. Any time there’s a problem, or need to make a decision, […]...
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Even in the best of times, when the economy is strong and business is booming, you need to have a plan in place for how you are going to reach your revenue and profit goals. In order to do that you need to understand the relationship between revenue, profit, and the tactics that you will […]...
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Effectively managing cash flow is one of the most critical skills business owners must possess if they want their companies to survive and grow profitably. Yet creating an accurate cash flow forecast is complicated because it involves measuring and monitoring many variables and making educated guesses about the performance of the company. For business owners […]...
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Every business needs to have a certain amount of sales to cover their fixed costs and that becomes a challenge for businesses that are running at or below break-even. Right now, for many businesses, it’s critical to get to break-even quickly. So understanding your breakeven point and being able to evaluate your fixed costs to bring […]...
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