Monthly Archives: Jun 2015

Finances

Stepping Back to Move Forward

Stepping Back to Move Forward1

The unfortunate truth about the bottom line is that many business owners are running businesses without a clear and unobstructed eye on the bottom line. They are pulled in so many different directions, faced with so many challenges, that the terms treadmill, rat race, unremitting change, ongoing transition and fast-paced changes in market demands barely describe how owners and executives feel. The day-to- day, week-to-week, and month-to-month issues may keep them running and out of breath mentally and, sometimes, due to stress, physically.

The bottom line in any business or organization is what keeps the doors open to provide service or operate the business, keeps employees paid, maintains quality of service, ensures product is available, and keeps the owner solvent in his or her attempts to run the business. Often the focus is on personally surviving rather than clearly focused on the business; and, sometimes, the focus is on the business at the peril of personally surviving.

How to achieve balance in your life as an owner, executive or manager while ensuring that the business is solvent is one of the greatest challenges anyone at the top faces.

There is a figure being bounced around at the moment of a 70% failure rate when it comes to successful management today. Where does your business stand in this analysis?

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Finances

Executive Bottom Line Boogie? Or Bust?

Executive Bottom Line Boogie Or Bust1

Every Executive must learn how to do “The Bottom Line Boogie” with the right steps, the right rhythm, and the right timing.
– Annette Galbraith Hamm

The Bottom Line Boogie is the dance every executive must perform – no matter how new or long-standing, large or small the business. Side stepping, slides, twists, 180’s, 360’s, doesn’t matter, the Bottom Line for every company demands that the steps be the right steps, the rhythm matching that of multiple partners, and that the timing be the right timing.

You may have the right goals, the right people working for you, and a clear vision of who you are and what you are doing as a business, but if you fail to do the Bottom Line Boogie, you are facing the possibility of failure

So what is the Bottom Line Boogie exactly?

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Clarity

Gaining Clarity about Your Business

Gaining Klarity about Your Business1

What is your bottom line? What’s the most important aspect of operations in your business – Right now! This moment! Do you know? If you don’t, how long will it take you to find out?

Gaining clarity of vision in your day-to-day business operations is vital to your business success.

  • Do you have unaddressed issues that are stalling operations?
  • Where do you need to look first and most often to keep things running smoothly? How do you know (HDYK)?
  • Is your business flourishing or is it languishing? HDYK?
  • Are you pumped every day about its operations or is your energy flagging? HDYK?
  • Do you know what’s wrong but you don’t know how to fix it? HDYK?
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