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Financial Bits And Bytes
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7 Strategic Planning Steps to Make Your Company a Future Success
Are you missing Strategic Planning? Let’s quickly get through the first three items in any strategic plan. Here’s a quick review. These are key to making sure that everyone in your company is on the same page. Vision and Mission Statement – Why do you exist, and what is it that you provide to the marketplace? SWOT Analysis – Strengths,
The Upgrade Challenge
Making the right decisions is critical to any business’ success. Information comes from experienced staff and data gathered from operations.
Oh Brother – Hiring Relatives
Probably one of the greatest challenges facing any business is that of staffing and growth. Are you strategic and hire
How to Calculate Your Profitability: A Case Study
As Iowa State University reminds us, “profitability is the primary goal of all business ventures.” Business leadership is often responsible
Logistics Can Beat Product (Even Santa Needs Help Sometimes)
There are many elements involved in developing and manufacturing products for a customer. In fact, most of a company’s concentrated
Keep Proprietary Processes Secret
Companies create products or develop services to deliver to their clients. Many find a unique approach that gives them an
Ill-Defined Statement of Work
Any business doing custom work needs to carefully define the terms and expectations of the delivered product. Having open-ended, or
Identifying the Real Cost of Production
Knowing the actual cost of production is critical to setting accurate pricing and therefore profitability for any manufacturing company. How
Financial Reporting Drives Good Decisions
Problem The company used Cash Basis accounting for their operating statements because taxes were calculated on a Cash Basis. When
Family Business Case Study
A family business can be a great source of pride for everyone involved. However, working with loved ones can present
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