Posts Tagged ‘decision making strategies’
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…
Read More3 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…
Read MoreProductivity & Profit: 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…
Read MoreDoes everybody know your mission statement?
If I ask ten of your employees what your mission statement is, how many different answers will I receive? And how different will they be from your answer? Use your mission statement Your mission statement is a tool. Use it. I am aware that many people see it as a form of PR, a “nice…
Read MoreAre 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…
Read MoreThe 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…
Read MoreYour business is more than the sum of its parts: the Value of a Self-Sustaining Business 💪
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…
Read MoreStop trying to stop making mistakes
Mistakes should never be your primary goal. If you know that something is the wrong thing to do, don’t do it. You don’t have to chase mistakes because they’ll happen anyway, regardless of your planning and precision. When we don’t make mistakes, we get to do things right. When we do make mistakes, we get…
Read MoreUnlocking the Art of Bad Decision-Making: Discover These Expert Tips ✅
It is true that we learn more from failure than we do from success. When you’re looking to add to your failures and learn some great lessons, you want to make bad decisions, decisions that lead to more problems. Wondering where to start? Here are some tips. Panic Assume the worst will happen. Let go…
Read MoreThe single best business tool you can ever use
Adapt tools to your needs, not your needs to the tools. When you turn to the tools, start with the best one. The one tool that will solve problems and get you started on every project. The tool from which any other tool can be built. A list. Why lists are the single best business…
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