Increasing daily performance is like compounding interest. While the results of any individual day may not seem significant, over the long term the benefit to your business can be very significant. What if you found a way to increase profits …
Last month, I wrote about looking at key business indicators on a weekly basis. This month, I’m suggesting that you “Keep The Pressure On” by consistently setting financial and operational goals and following up on those goals. Over the years, …
Last month, I asked each of you to schedule time with whoever creates your financial reports and critically review your business results for the prior month. I know that some of you accepted that challenge. For those of you who …
Over the past several months, I’ve talked about the importance of focus, control and planning for an organization. Hopefully, something in my monthly emails has caused you to think about how your business operates. But more importantly, I hope that …
Last month, I posed the following question: It’s Mid-Year, Are You in Control? For those that live in Saint Louis, Missouri, that proved to be an even more interesting question than I originally thought. Soon after my monthly newsletter, a …
Last month, I wrote about how Key Indicators Force Businesses to Maintain Focus. I also mentioned the seemingly endless list of things that can cause a business to lose focus. As many of us are returning from a long July …
Last month, I wrote about how the Components of a Financial Plan should “Hang Together”! Once you’ve developed a financial/business plan and have a “common point of view” among your executive team, the challenge turns to implementation. One of the …
Last month, I wrote about the importance of having a financial plan as a roadmap to your company’s progress to achieving forecasted levels of profitability. This month, I want to discuss the components of your plan. There are many books, …
Operating a business without a financial plan is like randomly driving around in your car and hoping to get to the right place! Businesses need financial plans for many reasons. Often, banks require a business or financial plan to support …
