Here was my first lesson in small business finance – cash is your rarest resource and only use it to (1) buy an appreciating asset (building) or (2) something that generates revenue (new equipment). Otherwise do you need it? If the answer is yes, look at your financing options.
So what’s the difference between Lowe’s and your business when it comes to optimization? They have the staff with the training and responsibility for building these systems. You’re running lean and mean. There’s a lot of software on the market that claims to make it easy. But you probably don’t have the time to tackle this yourself and your staff isn’t qualified. When considering the best way to take your business to the next level, instead of looking for do-it-yourself software consider a partnership. Find the right consultants who can lead employees from each department through a process of getting best practices from everyone and loading it into a system.
Numbers can work for you, not against you, with accounting that enables real-time decision-making and invoices that invite customers to interact with you
The focus on Growing Managers is hiring from within; growing your own. The same issues addressed in Articles 1 and 2 apply to hiring if you have no internal alternatives. As we move forward, view the following attributes and skills serving a dual purpose – how to identify internal candidates or screen the externals.
Stop Doing Their Work Who Owns the Monkey? The following article is not traditional time management. That stuff is good and works but doesn’t address the core problem – if you are doing the wrong things, doing it well is not smart and doesn’t fit our theme about Growing Managers. I was exposed to the work of […]