Improve your business with the help of our management thoughts blog
As your business coach, each month we will write a blog filled with real life business challenges and tips on how to address them. These blogs will provide you with new insights on how to address the problems and issues your business is facing. Be sure to check back regularly, or subscribe by hitting the button below and filling out the form, as we will be adding posts often. If you have any questions, do not hesitate to contact us.
When we think about our businesses, we often share the products, sales levels, new programs, etc. But when was the last time you asked someone about their business and they responded with “…things couldn’t be better Jane really stepped up and won a big program for us! I couldn’t be prouder of her!”
Three major elements of cash are you accounts receivable (AR), accounts payable (AP) and inventories. The idea is simple in terms of managing these aspects. You want to minimize AR and inventory and maximize AP.
Understanding what the end game is and where you want to be is critical to moving forward. After analyzing companies over a wide variety of businesses from trucking to plastics to medical manufacturing it is clear that desired goals determine decision making and culture.
For every great leader today there is a battle field full of good leaders who just quite didn’t make it. Some are haunted by the missed opportunities, others in denial, and a few who knew they needed help but could not bring themselves to seek it.
