Operations: part 1 of the 2 sides of business

Because I like numbers, or because I like lists, or maybe because it was lunchtime and I was hungry, I recently came across this 2020 article about the two sides of business. (The PB&J image showed up first).  Mainly I like business to be simple. A two-sided object is pretty simple. What are operations I…

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Small Business and Cash Flow Issues in 2023

I present part 3 of 3 key business skills: Finance, written by Corbin Cook, Virtual CFO & Exit Plan Advisor. Small businesses can often struggle with cash flow issues.  Managing both the incoming and outgoing funds is an important task that must be done carefully in order for business owners to remain profitable. Cash flow…

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3 key business skills, part 1: Management

“It is easy to be distracted by your customer-facing work, but the foundation of your success will be built on sound management practices.” This quote is the reason I keep returning to this article in Small Biz Viewpoints.  The article highlights three key business skills that owners must nurture. We’ll take a look at each…

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Your business? Yes: you’re doing it right

The end of the calendar year approaches.  It is typically a time of reminiscing and resolutions. And we wish we could recap our business performance and plans in a single, simple sentence.  Well, here’s one for you: you’re doing it right. However, it is that you are doing it.  There is no formula.  Sure, there…

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Why delegating is good for your business

Delegating. It sounds so simple.  You’re too busy, you ask somebody else to do some of the work you are doing, and now you are less busy and everything is getting done.  But delegation is much more than that.  Delegation is business management: it is an important part of business decision-making and is necessary for…

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Would you recommend working for you?

Even better: would you want to work for you? I want you to be very careful when you answer this question, and make sure you are thinking of your business as it really is, not as you want it to be. Your employees work in the reality that exists today, tomorrow, and every day. Not…

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How does everybody spend their time?

“I want all my employees to be in the office to Build better camaraderie Brainstorm more Make sure I know what they are doing“ If you’re in point three, where your employees work doesn’t matter. You still don’t know what they are doing.  What are people doing? It’s unlikely that you spend all day standing…

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Are you achieving all of your goals on time?

The next question is: does it matter? What’s most important to you when it comes to achieving your goals? Meeting a deadline Checking a “completed” box Creating new value in your business You probably know where I am going with this: goals aren’t about dates and times.  Goals add value to your business.  What has…

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The historical lens of lessons learned

One of the challenges of studying history, classics, and the past, is knowing how to read stories through the right lens: is it ours, or is it the lens of the time? Do you know how this comes up in business?  In your Lessons Learned.  Lessons Learned After a major project or process update, you…

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Your business is more than the sum of its parts

I recently started working with a new client, who first called me because in his words: “I realized I had given myself a job, not built myself a business”.  It all started when he considered the option of semi-retirement. And he realized that the most valuable – maybe the only truly valuable – thing in…

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