Archive For: Administration

5 Steps for Creating Accountability in Your Business

5 Steps for Creating Accountability in Your Business

Creating Accountability is Critical to Business Growth

I talk with small business owners struggling with employee issues all the time.  .  I often hear “Oh, that stuff is just for big companies.  We only have 10 employees.”

Their mistake is that if business growth is really the goal, then they need to start thinking more like a big company.…

Read more →

10 Keys to a Success Business Plan

10 Keys to a Success Business Plan

I saw this article and infographic in Entrepreneur and said “they nailed it!”  You’ve heard me talk about business plans from time to time.  It’s not the plan that is important to you as a business owner.  It’s what you learn by going through the process that helps you!…

Read more →

8 Critical Factors for Any Succession Plan

8 Critical Factors for Any Succession Plan

As I presented in my previous post Succession Planning vs. Exit Planning Which Do You Use?, the primary goal of any succession plan is leadership transfer.  So, you can imagine that things can get a little tricky.

One of the biggest reasons is that most succession plan checklists out there seem to focus on the transaction aspects of the transfer.…

Read more →

Cash Flow is KING: How to Monitor It Easily!

Cash Flow is KING: How to Monitor It Easily!

While cash flow is a regular topic here, it’s been a while since we hit the topic from a finance and accounting perspective.  While many small business owners find accounting to be tedious it is extremely important if you ever want to have success with your business.…

Read more →

What’s Your Greatest Challenge in Exiting Your Business?

What’s Your Greatest Challenge in Exiting Your Business?

Is Your Business Ready for You to Leave?

Last week I post a question, “What’s Your Greatest Challenge in Exiting Your Business?”, on LinkedIn.  My intent was to get some feedback before writing the next few weeks’ posts on “exit/succession planning.”

While I got a few interesting comments, which I plan to write on later. …

Read more →

Personal Credit Card Usage for Business May be More Pain Than Relief

The number of people using their personal credit cards for business purpose is growing and that might just prove to be a disastrous financial decision given the risk of mixing pleasure with business. The National Federation of Independent Businesses has found that the percentage of small business entrepreneurs using their personal credit cards to incur business costs have gone up from 42% in 2009 to 49% in 2011.…

Read more →

Are You Missing a Piece of Your Business Growth Plan?

Are You Missing a Piece of Your Business Growth Plan?

Last week’s post was directed at those who set business growth as a goal for New Year.  While the 7 questions addressed in the post are critical, they are not all the pieces to the growth puzzle.

The 7 questions only address the business aspects of strategic planning and without a complete strategic plan business growth is a crapshoot! …

Read more →

4 Characteristics for Creating High Performance Organizations

4 Characteristics for Creating High Performance Organizations

Over the past month I’ve posted on several important topics including delegation and outsourcing.  If you’ve read these posts you may have seen some mutual skills/actions needed. They are not specific to these topics.

I began searching for the common theme in all these areas and it hit me that high performance organizations have many of the same characteristic. …

Read more →

The 6 Step Success Process Re-Visited

The 6 Step Success Process Re-Visited

Last week in the post Will Your Business Grow This Year? I asked some very tough questions to get you thinking about what’s necessary to assure you’ll hit your business goals for this year.  Have you asked the questions yet?  And is your Q4 plan ready to get you there?…

Read more →