4 Processes That Affect Your Bottom Line- The Delivery Process
So far we covered how to improve your sales process and your production process. This week we’re going to talk about how to improve your delivery process.
4 Processes that Affect Your Bottom Line – The Production Process
Have you noticed the number of houses going up in certain parts of your area? Residential building is alive and well and the number of houses going up in my area continues to climb.
4 Processes that Affect Your Bottom Line – The Sales Process
We’re starting a four-part series today, on the four processes that affect your bottom line. They are The Sales Process, The Production Process, The Delivery Process and The Billing and Payment Process.
Watch Out for These 3 Liquidity Traps in Your Business
You might be in a growth phase of your business. Growth always requires cash and cash is generally at a premium. Further, there are some traps to be avoided as you grow. Here’s 3 to watch out for.
What Would Rockefeller Do? 7 Tips to Run Your Business Like a Billionaire
John D. Rockefeller was a famous industrialist and philanthropist. He founded Standard Oil Company and became the world’s richest man controlling 90% of all in the US at its peak. His fortune at his death was $23 billion in today’s dollars. He was also well known for his generosity and donated over $500 million to…
Shortening Cycle Times: Can My Business Be More Efficient?
Last week, we had an overview of “3 Tips to Manage The Madness In Your Business.” The first tip was shortening cycle times. Depending on the type of business you’re in, all of us have a sales cycle, delivery cycle and a billing/payment cycle. If you’re a product, manufacturing or contracting company, you also have…
3 Tips to Manage The Madness in Your Business
We just finished a 3 part series “Teaching Financials to Drive Performance”. The goal was to teach business owners how the impact of their decisions plays out in their financials statements.
Teaching Financials To Drive Performance: Part 3 The Cash Flow Statement
Our two most recent posts, we’ve discussed that there are 4 critical items to understand your financials. 3 come from the balance sheet (asset quality, liquidity and leverage) and the 4th comes from the income statement (profitability).
Teaching Financials to Drive Performance: Part 2 The Profit and Loss Statement
In our last post, we discussed that of the 4 critical items, (Profitability, Asset Quality, Liquidity and Leverage) 3 of them are from the Balance Sheet. The 4th, Profitability is on the Profit and Loss Statement, sometimes called the P&L or the Income Statement.
4 Ways to Tell if Your Financial House is in Order
I thought this would be a good follow-up to my last post “5 Things to Know Before You Borrow.” Many of us get an annual physical, the doctor checks us out to see how things look like cholesterol, blood pressure, heart rate and respiration and compare them to last year. We want to manage our…
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