31 Aug, 2009
Your company’s capital is it’s greatest asset but your company doesn’t need lots of money to have a lot of capital. A great definition of the word capital is any form of wealth employed or capable of being employed in the production of more wealth (link see #6). Have you ever heard someone say “Wow, [...]
26 Aug, 2009
An important aspect that many business ower’s forget to research is competitor analysis. Everyone has competitors, so don’t fool yourself into thinking you don’t. Even if your competitor doesn’t sell the same product or offer a similar service, could a potential customer choose a substitute? Buyers almost always have a choice so like it or [...]
13 Aug, 2009
In this uncertain economic climate forecasting should be a top internal concern for your business. As a matter of fact a recent survey ranked the ability to forecast #1 followed closely by working-capital management. So why should your business be concerned with forecasting?
If your business can survive this bad economic climate when the corner is [...]
04 Aug, 2009
Recently, I was called to help a small business with about 25 employees ready itself for sale. The small business had no employees on staff or consultants looking at the future. During this tough economics crisis the cards came falling down. In a matter of days they had laid off 19 hard working employees and [...]