Bold planning for your post COVID-19 future For many of us, 2021 is an opportunity year. Research from McKinsey & Company illustrates how incremental planning for 2021 will cause your firm to underachieve in 2021. Here are three steps for your 2020 exit and a transformational 2021: Examine business units: Read more…
Time is of the Essence! With the number of COVID cases rising nationally, we are starting to see another wave of COVID mandatory shutdowns. It is critically important to plan for the shutdown on your business to preserve enterprise and shareholder value. With most businesses, this means implementation of loss Read more…
After six months of working from home, are you working at all hours of the day and night? Do you fear that you are burning out? Many dedicated executives and staff are feeling the stress of not disconnecting from their work. The result is depression, mental sluggishness, and declining work Read more…
What do all these major companies have in common: Allstate, American Airlines, Carnival Cruise Line, Dell, Disney, Ford, Hilton, Goldman Sachs, Kohl’s, MGM, Marriott, Ralph Lauren, Raytheon, Shell, Uber? They will all be employing far fewer people next year due to fallout from the Coronavirus. Most of us have been Read more…
Your new ERP system is installed; your team is figuring out how to move around and use it. Inevitably there are additional wants, fixes, irritations, and broken situations. You call the software provider, voicing your concern and they respond offering to send a team to your location. Thinking that the Read more…
CFOs in Stage Two Businesses Well-established businesses are pivoting during COVID-19 and changing their business models for various reasons – lack of demand, lack of supply, lack of employees – and, of course, all the government mandates to control the spread of the Coronavirus. The use of a fractional CFO Read more…
The new Colorado “Equal Pay for Equal Work Act” (Senate Bill 19-085) becomes effective January 1, 2021. If you are not familiar with this new regulation, we strongly encourage you to investigate how this will affect your business. The law intends to prevent pay disparities based on sex of employee. Read more…
Preparing for uncertainty: As businesses reopen, most do not know what the new normal will be nor expect a quick ramp up in their business. A gardener does not know what the weather will be for the growing season, so they prepare the best infrastructure plan for watering, weeding and Read more…
Market planning is certainly strategic in nature, but it is not the entire business. Strategy is more complete when it evaluates the business comprehensively. Strategically examining your market focus in product design, placement, and pricing is the front end of strategy. In other words: MARKETING. But marketing does not examine Read more…
In 1970 the Harvard Business Review published an article launching zero-based budgeting as a 360-degree review tool. Today we have Simon Sinek asking the “why” of our actions. Believe it or not, the two approaches are not very far apart in concept. Zero-based budgeting (ZBB) was recently used by GM Read more…