Small Business Resource Audit

Running a business requires more than money and time. Every investment is a resource. Last summer I posted a short series on this blog about how to run a resource audit. For a solo-preneur or a new small business owner, there is a simple model to use to address all your key resource allocation from…

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Manage Like an Italian Nonna

I have written in the past about the similarities between good management and Italian food. Today let’s elaborate on how to make this happen. “Nonna” is Italian for grandmother, and it is typical for people to use their “Nonna”‘s classic recipe for whatever they are cooking – the previously mentioned secret ingredient or special step.…

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The Right Way to Build Process

Words you will have read multiple times on this blog are: “there is no single right way, but the are many wrong ways”. Process mapping and building is no different. Below are key facts to consider when building a process to make it effective as well as malleable to environmental change. To, in other words,…

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Resource Audit – A Story

To close out this content series about resource audits, how about a mini case study… a story, if you will, about a resource audit applied? The client A software business with an established product in its chosen market. The management board had a development plan for a new product, and data to prove a market…

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The Wrong Way To Do A Resource Audit

I will often say that there is no set formula for something: there is no one correct method. There are, however, plenty of incorrect ways to do things. Resource Audits are no exception. Here are some common mistakes made when performing a resource audit. Looking only at revenue Revenue is nothing but a number. Without its…

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How I Work – Investing in Your Business

A company I was advising had big dreams for research & development. The management board however shared concerns about budget allocations and cannibalizing the well-functioning parts of the business. They didn’t want to risk under-funding their business for the sake of innovation.  A thorough resource audit allowed us to re-assign small profits from various business…

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The Right Way To Do A Resource Audit

In last week’s post we summarized some key internal resources a business must review and audit to effectively plan and get things done. The approach discussed works best for service businesses, which is what I tend to serve. Let’s broaden the scope this week and examine what goes into a resource audit for any type…

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Why You Should Perform a Resource Audit

Your strategy may be well planned, with a list of tactics, milestones, and to dos. Or perhaps your preference is to follow opportunity as it arises and not make too many decisions upfront. In either case, how are you ensuring your time is spent on maximum productivity? Can you confirm that you are having the…

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Starting With Tools

Is there ever an end to new gadgets, software and new trendy methods being touted as the next great thing? Probably not. So you may as well get used to new fads being thrown your way all the time. If you try them all, you would get nothing else done. If you ignore them, you…

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