Strategy and Planning
To be honest, I have never been a big planner. I’m more of a do’er. I thrive in a high production environment and usually feed off getting things done. I think it’s the “stillness” of planning for me. There is nothing to do but sit and think, which to someone who hasn’t reaped the benefits […]
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You’ve seen them; those people and businesses that rocket ahead. They might be your friend who’s climbed the ladder of success with their firm. Or a business in your sphere that just keeps growing; adding customers, building their team, expanding their borders and you think; must be nice… Poof! Overnight success. It’s nice to see […]
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Business ownership is fraught with internal wars. Take care of your customers; keep your gross margins strong. Treat your employees well; work late to finish the job. Make a profit; pay taxes. It is angels and demons, intuition vs. objectivity, good stewardship vs. generosity. Every year-end, the battle heats up. My pride wants to have […]
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Your initial reaction may be “of course I’m running my business, it’s all I do!” In which case I would argue that you actually fall in the latter category. As business owners and managers, work is often intimately connected to all areas of life. You dedicate your time, thought, finances, passion and emotional energy to […]
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Most cities have opened back up for business in Phase I or Phase II according to their state’s guidelines. As everyone has heard ad nauseam, cases are going up in the majority of the states. We are being told by city officials we aren’t doing it right. As a small business owner, “right” is a […]
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By the time we lift the stay-at-home order here in Louisiana it will be at least two months of basic physical business shutdown. Even if you were able to work at home, in most cases, business is still impacted. Whether it is projects pushed back or lower sales as conservative customers modify their spending. And, […]
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Every business owner knows how important cash and cash flow are in business. At least in theory. With the statistics of small businesses that close after a year, and the small % that are still in business after 5 and 10 years, the intricacies of how it works and what produces free cash flow, may […]
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During such a volatile market place and with people staying home and not utilizing your business services or products as normal, we need to do what we can to keep our own business healthy. One area to focus is your accounts receivable. Accounts receivable health translates to cash flow and liquidity. As our customers become […]
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