In our current economic environment, many companies have outgrown their management bandwidth; meaning there is more to do than management has time to do it. This includes timely decision making. In a recent article in McKinsey Quarterly, published by McKinsey Read more
Most of us operate our businesses in very competitive markets where the business environment is constantly changing. The most successful companies can pivot their strategy quickly when it is not working. This requires a process to know when to pivot Read more
The number of companies being sold is at an all-time high; driven by demographics and a seller’s market. To get top dollar for your company requires preparation just like selling a home. You don’t get the best price for a Read more
The current media is full of warnings that an economic slow down is coming but what does that mean? Is there a recession looming? When and how big? Nobody really knows so how do you prepare? What are the early Read more
There are factors that investors focus on when looking at an investment candidate, but two factors will make them get very interested. These are: can this be a big business, and do they have the leadership team to get them Read more
The collection of sales taxes and what is subject to sales tax is a complex process that confuses many small business owners. A recent US Supreme Court ruling has added clarity and risk for businesses not understanding their liability. Here Read more
There is an old business saying that “successful companies are managed by the numbers.” There is another old business saying that “successful companies are a result of highly focused teams.” So which numbers matter and what is the focus? This Read more
Today’s vibrant economy has been running for quite a while and many firms have grown substantially. Some companies have grown through a plan but many others have not, leading to internal chaos. For them, it is time to develop a Read more
It’s the 20th of the month and are you able to tell how profitable your company will be at month-end? If not, you may not be measuring the right stuff! Continuous measurement of key business drivers, also known as metrics, Read more