The Procrastination Penalty (Part 3 – Cash Flow) As explained in a previous chapter, we are looking for incremental gains. Those gains come from a myriad for places within your business and all add up to significant increases to the bottom line when compounded. It is not unusual for a business to see a […]
Algorithms, Friend or Foe? What is an algorithm? An algorithm is a step-by-step procedure or a set of rules designed to perform a specific task or solve a particular problem. It provides a clear sequence of actions or instructions that can be followed to achieve a desired outcome. More simply put, it is simply a […]
Everything You Didn’t Want to Know About Gift Certificates Ever wonder if there was any benefit or difficulty in offering Gift Cards (GC) or Gift Certificates to your customers/clients? They can be a good way to gain new customers and provide opportunity to show what a great job you do. GC customers that paid […]
Can Politics Affect Your Business? Before you think that I am about to touch the third rail, be assured that I will not be taking any political stance. How you vote is fine by me, and I will vote the way that I see fit. Also, know that your business or commerce in general, are […]
Sunk Cost I was watching a bad movie the other day, but because I had already invested more than an hour into watching this epic failure, I stuck it out until the very end, for no other reason than to give it a thumbs down rating. What a waste of time that was and I […]
Are You Unique Enough? You have heard us say that businesses are not unique from industry to industry. But when we say that we are referring to “the business of being in business”. And indeed, when a business violates any one of the simple “laws of business” they are flirting with failure. Today, however, we […]
10 Things You Need to Know as a Business Owner We often talk about different topics in some depth that are of interest to, and challenges for, Business Owners. Today we have complied a list of topics that every Business Owner should be adept at or have staff members that are experts at. There are […]
Buying a Business We have talked about selling your business, and we’ve talked about starting a business, but I don’t think we’ve talked about buying a business. Starting a business from scratch is a long and time-consuming project. And most businesses take 1-3 years before they are profitable (or salable). If you add to the […]
20 – 60 – 20 If you’ve read any of our previous blogs you have surely heard of the Pareto Principal. In brief, the Pareto Principle, or the 80/20 rule, states that for many phenomena 80% of the result comes from 20% of the effort. The principle has been named after Vilfredo Pareto—an Italian economist. We’ve […]
Are Meetings Counterproductive? I suspect that the title of this article is answered quickly by most with the same simple answer and that answer is most often “yes”. All too often we get into a meeting, and we hear a rehash of the previous week’s meeting with little nuance. Now that we can attend […]
All Content Copyright © Resources-Development.Com
Privacy Statement