Archive for 'Business Advisory'

HomeBusiness Advisory

VAC

Posted by:

VAC

VAC

The name of the game is VAC. VAC stands for validity, accuracy, and completeness.

In this article, we will outline some key financial objectives that you should always pursue.

The Illustrious 80s

In the 1980s, we had 10.5% interest rates for mortgages.  We had the Junk Bond crisis.  Plus, we had the failing of the Savings & Loans.

We had some pretty good music being put out. Too many good artists and bands to list ….

We also had the Big 8. These were the ...

Continue Reading →
12
JUL
0

Categories: Business Advisory, Finance

Scaling – How To

Posted by:

Scaling – How To

Scaling – How To

Are scaling and growth the same thing? Does one cause the other and vice versa?

If you are familiar with Blue Elevator®, then you are hopefully familiar with our trademarked phrase.  Innovate, Accelerate, Replicate®.

In addition, you may be familiar with our simple and illustrative scaling metric.  To wit, Level 1, 2, or 3.

Innovate, Accelerate, Replicate®

First, if you want to scale your organization, you will need to continually Innovate, Accelerate, Replicate®.  That means, you will need to follow this ...

Continue Reading →
13
SEP
0

Categories: Blog, Business Advisory, Business Development, Business Growth, Scaling

Tags: , , , , ,

Membership Advisory Plan

Posted by:

Membership Advisory Plan

Are You Leveling Up?

Blue Elevator® is pleased to offer its Membership Advisory Plan (MAP).

Are you planning to start a business? Similarly, maybe you are already a start-up. Or, perhaps you are a C-level executive in a Fortune 500 company. God willing, whatever your role or focus, Blue Elevator® can help you take your business to the next level™.

However, our MAP is not available to the general public. Consequently, participation with Blue Elevator® is by invitation only. Let’s begin the conversation ...

Continue Reading →
4
DEC
0

Categories: Blog, Business Advisory

Tags: , , ,

Current Ratio

Posted by:

Current Ratio

Current Ratio

Do you know and regularly calculate your organization’s Current Ratio?

Working Capital

If you haven’t already, I encourage you to read the article: Working Capital.

In that article, we explore this important concept.  This is a good “companion” article to this article.

If you recall, Working Capital is defined as Current Assets minus Current Liabilities.

The Key is Current

As you will see, the key word from above is Current.  Meaning, Current Assets and Current Liabilities.

So, by definition, the Current Ratio is equal to ...

Continue Reading →
10
JUL
0

Categories: Accounting, Business Advisory, Finance

Tags: , , ,

Working Capital

Posted by:

Working Capital

Working Capital

How do you measure your organization’s Working Capital?

What is It?

What comes to mind when you hear the term Working Capital?

If you’re like most people, you probably think of cash on hand.  But, it’s more than just that.

The technical definition is Current Assets minus Current Liabilities.

The Balance Sheet

You will find the elements you need on your organization’s Balance Sheet.

First, Current Assets includes cash.  Additionally, it also includes other assets that will be converted to cash or used up in the ...

Continue Reading →
10
JUL
0

Categories: Business Advisory, Business Cycle, Business Growth, Finance

Tags: , , , ,

A System

Posted by:

A System

A System

Do you need a system?

Flashback in Time

It was the early 1990s, and I was working at a large corporation.

I don’t remember the exact details, but I remember the life lesson I took away.

And, here it is.

A Great Leader

At the time, I worked under a man named Len Whyte.  Len was the CFO and Vice President of this large corporation.  And, by all accounts, an excellent leader and a great man.

I learned a lot of things from Len — one ...

Continue Reading →
29
APR
0

Categories: Blog, Business Advisory, Leadership, Management, Problem solving

Tags: , , , ,

Markup and Margin

Posted by:

Markup and Margin

Markup and Margin

I want to introduce you to my two friends – markup and margin.

What do you think when you hear the term markup?  What about margin?

Are they one in the same?  Or, are they different?

In this article, we’ll explore these two kissing cousins.  And, we’ll reveal a big secret.

Pricing Example

God willing, we’ll just hit this head on.  Let’s say that you are the leading producer of Gizmos.

  • It costs you $100 to make a Gizmo.
  • And, your business advisor recommends that ...
Continue Reading →
14
JUN
0

Categories: Blog, Business Advisory, Pricing

Tags: , , ,

A Tale of Two Rivers

Posted by:

A Tale of Two Rivers

A Tale of Two Rivers

This is a tale of two rivers.  Recently, I was spending time in a consultation with a few friends who are also consulting cohorts.  Myself, Ryan, and Dan met to discuss the possibility of working together with a client.

And, providentially, we drifted onto the topic of fly fishing.

Dan was sharing with me his love of fly fishing.  When Dan shared his experiences, I remembered a very strange business phenomenon.

So strange, that if you haven’t experienced it, ...

Continue Reading →
29
MAY
0

Categories: Blog, Business Advisory, Business Growth, Management, Pricing, Problem solving

Tags: , , , , , ,

Smile Praise Miracle

Posted by:

Smile Praise Miracle

Smile Praise Miracle

Smile Praise Miracle.  Or, rather: Smile, Praise, and Miracle.  Some things make you smile.  Others make you want to give a shout of praise.  And others are flat-out miracles.

Goal setting.  Should you set goals or not?  And, if you do, how do you go about this?

And as far as that goes, it’s your call.  Most people, if you ask them, would say it’s good to set goals.  But, then there’s the next question: How many people actually set ...

Continue Reading →
29
MAY
0

Categories: Blog, Business Advisory, Business Process, Leadership, Management

Tags: , , , , , ,

God First: Then, Gross Margin

Posted by:

God First: Then, Gross Margin

God First: Then, Gross Margin

Margin is important, but, alas, God first: Then, gross margin.

“Unless the Lord builds the house, the builders labor in vain.” – Psalm 127:1

If you are planning to start or grow your organization, it’s important to have first things first.

I have been blessed with decades of business experience.  And, I have advised numerous individuals and organizations.  And, given all of that, I’ve discovered the keys to success:

  1. God first.
  2. Have adequate margin ...
Continue Reading →
27
APR
0

Categories: Accelerate, Blog, Business Advisory, Innovate

Tags: , , , , , ,

Page 1 of 2 12