Posts Tagged 'management'

HomeTag: management

Current Ratio

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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 ...

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10
JUL
0

Categories: Accounting, Business Advisory, Finance

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A System

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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 ...

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29
APR
0

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

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Stretching the Trade

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Stretching the Trade

Stretching the Trade

Stretching the trade was a phrase I heard many moons ago.  And, before we dig in to the details, I’ll spill the beans.

Stretching the Trade: Definition

Stretching the trade is a phrase used to describe extending Accounts Payable.  That is, increasing Accounts Payable.

Terms

If you’ve been in business for awhile, then you have been accustomed to how things work, so to speak.  Here are some general terms you may have come across.

COD

Typically, when you begin purchasing from a vendor, they ...

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4
DEC
0

Categories: Blog, Finance, Management

Tags: , , ,

Revealing Secrets

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Revealing Secrets

Revealing Secrets

We’re ready to begin revealing secrets.  Perhaps you have been following along in this article series.

  1. We started with My Quest.  When I started this series, I shared about my decades-long journey to find the secret to business success.
  2. As you know, I was looking for a simple formula for Business Alchemy.  I was hoping to find a one-step, sure-fire way of turning any business into gold.
  3. Then, I revealed to you The Big Secret.  That, alas, there was ...
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2
DEC
0

Categories: Blog, Business Consulting, Business Growth, Business Process Consulting, Innovate, Leadership, Management, Problem solving

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Finding Business Gold

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Finding Business Gold

Finding Business Gold

Are you interested in finding business gold?  Many of you have been following an article series that started with My Quest.

If you’re just now joining us, as you now know, many decades ago, I set out to find the secret to business success.  Much like the alchemists of long ago, I was searching for that super secret method.  I was looking for that secret formula to turn any business into gold.  I was looking for Business ...

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20
NOV
0

Categories: Blog, Business Development, Business Growth, Leadership, Management

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Business Alchemy

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Business Alchemy

Business Alchemy

If you’re here, chances are you came from the article My Quest – The Secret to Business Success .  If you haven’t read this article, I invite you to read it first – then return and follow-up with this read.

Have you ever wondered if there was a secret to business success?  Is there something key that every successful business knows or does?

Have you ever wondered why some businesses just take off?  And others just kind of limp along?

Additionally, ...

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7
NOV
0

Categories: Business Consulting, Business Development, Business Growth, Business Startups, Management, Startups

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Dirty Little Secret

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Dirty Little Secret

Dirty Little Secret

I was visiting with my friend Jack Jackman the other day.  Jack and I have known each other for many years.  And, I usually see him at one of the many Blue Elevator™ satellite offices (aka, Starbucks).

I always enjoy catching up with him on the various things going on at our local churches, the community, and businesses.

Anyway, I don’t know how we happened upon it, but one day I felt compelled to tell him my dirty little secret.

Now, ...

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19
OCT
0

Categories: Blog, Leadership, Management

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The Reverse Mortgage

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The Reverse Mortgage

The Reverse Mortgage

So, why is a business blog talking about a reverse mortgage?

When things are tough personally, it can affect your business.  And, vice versa.

So, if things are getting financially tough with you or your parents, we want to inform you about the possible benefits of an often-overlooked financial product: A reverse mortgage.

Today, there are some great reverse mortgage products.  When used properly, these products have a lot of benefits for homeowners and their families.

Before we show an example on ...

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8
AUG
0

Categories: Blog, Business Development, Business Growth, Problem solving

Tags: , , , ,

Be Thorough

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Be Thorough

Be Thorough

It’s not a word you hear much anymore.  At a quick glance, it looks like the preposition “through.”

And given our society’s propensity for a “point and click” existence, “thorough” is being relegated to the sidelines of business.

But if you want to be successful in life and business, be encouraged to embrace it.

Merriam-Webster defines it as follows:

  • marked by full detail
  • careful about detail
  • complete in all respects
  • having full mastery (as of an art)

Being Thorough – A Practical Lesson

I was exposed to the ...

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4
MAR
0

Categories: Blog, Business Development, Business Growth, Business Process, Innovate, Leadership, Management, Management Action Items

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Follow-Up

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Follow-Up

Follow-Up

This article is the next and last article in the series WDF – A Three Part Series.  The First article is Write It Down.  The next article is Do Or Delegate.

Back To The Audit

Throughout this series, I have been sharing from my experiences as a professional auditor for the Big 8 firm, Coopers & Lybrand (now PricewaterhouseCoopers).

If you recall, the last article had me doing ...

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21
FEB
0

Categories: Blog, Business Consulting, Business Development, Business Growth, Business Process, Leadership, Management, Replicate

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