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…
“Uncertainty in the economy, society, politics, has become so great as to render futile, if not counterproductive, the kind of planning most companies still practice: forecasting based on probabilities.” -Peter Drucker, 1995. It has been 25 years and that message is more pertinent now than ever. Companies and other organizations Read more…
Determining Your Comeback Scenarios: As lockdowns are eased and your customers awaken, there is the opportunity for you to thrive. Most likely your business has suffered some damage but so have your competitors. Especially important lessons learned during the recovery from “the great recession” were how best to emerge from Read more…
Restart or reinvent? The PPP loan program was designed to provide paychecks and not save your business directly. There are three goals for you to consider how to use the funds: How do I save my business or better yet, how do I make it thrive? How do I best Read more…
This is the final blog after our 3 Steps in Dealing with a Financial Pandemic and Phase 2 Steps in Dealing with a Financial Pandemic blogs. Step 1: Discover your “new normal” You and your business have experienced a major life impact event which requires a change in thinking and Read more…