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Home Archive for category "Best Practices" (Page 2)

Don’t produce a budget. Map out a Profit Plan. (Part 1)

The blog below is a repeat, as was the previous posting (September 4, 2019), and as will be the next posting (October 2, 2019).  Combined, the three postings offer a template for developing a 2020  Plan.  We are re-publishing these now because developing an Annual Plan is a critically important activity for any small business

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“The nicest thing about not planning is that failure always comes as a complete surprise and is not preceded by a period of worry and desperation.”

The blog below is a repeat.  It was first published two years ago, along with two companion pieces that will also be re-published in the two postings following this one.  Combined, the three postings offer a template for developing a 2020  Plan.  We are re-publishing these now because developing an Annual Plan is a critically

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“If you procrastinate when faced with a big difficult problem . . . break the problem into parts, and handle one part at a time.”

Dan Sullivan is the founder of The Strategic Coach, Inc. and the creator of The Strategic Coach Program . . . a program that helps already successful entrepreneurs become even more successful.  He is also the author of more than 30 publications including one entitled “WhoNotHow.”  In this particular publication, he teaches that procrastination is

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“Much of what we call management today consists of making it difficult for people to work.”

Gary Hamel is a management expert and author who talks extensively about the need to update our management systems.  He points out that most of the management systems in place today were “invented” over a hundred years ago at the dawn of the industrial revolution when 90% of the population was still involved in agriculture

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“Employee Engagement may have been optional in the past, but it’s pretty much the whole game today.”

Fully 70% of American workers are not “engaged” with their company’s mission, vision, values, and purpose.  They will give their company sufficient effort to stay out of trouble and to continue collecting a paycheck, but that’s about it . . . they’re not going to give their company much, if any, discretionary effort.  Dan Pink,

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“Create a company that’s a great place to be from.” (Part II)

We are experiencing an embarrassment of riches in this country . . . sort of.  The rate of unemployment in 2018 was just 3.9%.  To find a lower rate than that, you’d have to go all the way back to 1969 when it was 3.5%.  Good for employees, but not so good for employers.  Effectively,

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“Create a company that’s a great place to be from.”

Small companies face a unique problem as they try to minimize turnover and hold onto their best and brightest employees.  Namely, they don’t have enough places to put them.  In practice, it looks like this.  A small company hires a young, ambitious person to do a certain job or perform a certain task.  This new

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Motivation is all about passion. Discover what people are passionate about and you’ll understand what motivates them.

As business people, we invest a lot of time thinking about motivation.  How do we get our employees to work more efficiently, effectively, and productively?  Since the dawn of commerce, the favorite solution to a motivation problem has been to throw money at it.  The most obvious examples of this are salespeople who work for

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“We respond to the environments we’re in. If you get the environment right, you get the right behavior.”

Keynote speaker and bestselling author, Simon Sinek, tells a story about an experience he had at the Four Seasons Hotel in Las Vegas.  Sinek had stopped at the lobby coffee bar for a cup of coffee, and there he met a barista who was charming, engaging, funny, and just a joy to be with.  Sinek

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Leadership is a privilege to better the lives of others.

Strong leadership is crucial to any organization.  Whether we’re talking about a commercial enterprise, a civic group, a church congregation, or a military unit, strong leadership is key to its success.  But leadership is not a one-size-fits-all proposition . . . there are lots of commonly recognized leadership styles, so it stands to reason that

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