Over the past 20 years, there has been an increasing interest in the topic of innovation, and virtually every business, organization, and country espouses the virtues of innovation. This is reflected in a recent survey published in The Business Journals which showed that the second biggest challenge facing companies was Increasing Profit. It reported 45% […]
Posts Tagged ‘start a business’
12/31/2017
December 2017 – Creating the Organization to Achieve Your 1, 3 and 5 Year Company Goals
At the beginning of the year, like many other businesses and organizations leaders you may find yourself working on the plans for your company’s future operations. One of biggest challenges with this task is how to translate Strategic Plans into the detailed and tactical steps that are necessary to achieve the goals in your Strategic […]
11/30/2017
November 2017 – How to Effectively Manage Your Key Personnel
Last week a client that has about 250 employees was in my office and during the meeting we discussed how the year 2017 had been for him businesswise. As we looked at their Financial Statements they showed their company had a very successful year, in fact their best year ever. But as we chatted I […]
10/31/2017
October 2017 – Do This One Thing and the Dreams for your Business Will Come True
At a meeting last week, I was talking with a person who told me about some large challenges they were wrestling with in deciding where they wanted to take their company. As they shared the pros and cons of their various options, first from one angle, then from another perspective, I realized that this person […]
09/30/2017
September 2017 – Why So Many Companies’ Strategy Fail
I recently was reviewing two studies, one by McKinsey & Co. and the other by Harvard Business School that found 90% of organization’s strategies that fail do so because of lack of execution. What they discovered is that most of companies they examined had a practical and achievable strategy for their business, they just did […]
08/31/2017
August 2017 – How to Properly Retreat in Your Business
Recently I was watching a TV Documentary on the United States Revolutionary War, and it discussed the fact that in a key battle the Colonists retreated from the initial fight, which in turn allowed them to re-group, attack again and win a key victory. Retreats can be part of an overall strategy that can lead […]
07/31/2017
July 2017 – How to Multiply Your Profits
You may have seen the announcement last week that Amazon will start selling Sears Kenmore appliances. Not only that, they revealed Sears and Amazon will start working on fully integrating Amazon’s voice assistance, Alexa with Sear’s smart appliances. This will allow people to control things like air conditioners with voice commands that will be synched […]
06/30/2017
June 2017 – How to Keep Your Key Employees
People leave bosses, not companies! And that is true. An employee’s relationship with their immediate manager is paramount because a Gallup study showed about 50% of employees leave their company as a result of the lack of rapport with their bosses. Also, research by Accenture showed an 80% correlation between employee engagement and a person’s […]
05/31/2017
May 2017 – Determining the Core Profitability of Your Company
Recently, several of our clients have been going through the process of either buying another business or selling their company. During the requisite work related to these actions there have been many discussions regarding how to analyze the profitability a company. The profitability of a business is almost the sole determinant of whether it will […]
04/30/2017
April 2017 – The 5 Tools for Taking Your Company to the Next Level
Recently I met with a client who has a multi-million-dollar company, regarding the future of their business. Over the past few years they have tripled their revenue and they have big plans to take their organization to the next level. As we discussed their plans, the close interrelationship between a company’s Marketing and Sales area […]
