Last Month, I discussed organizations that were “avoiding profits” by avoiding conflict. While there are some that thrive on conflict, I think it’s fair to say that most people prefer to avoid it. However, business conflict doesn’t have to be …
Last Month, I discussed the definition of “profit”, defining the term as a return on capital and explaining that many times, small business owners don’t have a clear picture of their profitability as they tend to subsidize the business with …
Last Month, I promised to write about “profit”. The term profit, according to www.dictionary.com is the “gain resulting from the employment of capital”. The key to this definition is “capital”. The term profit the amount earned on the capital deployed …
Last Month, I posed the question “Who’s Your CFO?” I argued that every business had someone who functioned as CFO, and the real question was whether or not they were qualified to do so!? I hope that article provided some …
Whether you know it or not, you do have a CFO (Chief Financial Officer)! Someone, perhaps yourself, your accountant, bookkeeper, secretary, spouse, or office manager acts as your Chief Financial Officer. So, the question isn’t really whether or not you …
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 …
