Margaret Reynolds Most compnies create an annual plan and a corresponding budget this time of year. The obvious intent is to identify the drivers of next years success and alllocate the budget to ensure results. Unfortunately, over 80% of plans don’t generate the intended results. Here are four questions you can ask to see if your organizations’ …
This article from the Wall Street Journal does a great job of summarizing the impact of the recent election on 9 issues that impact small business such healthcare, taxes, regulations and access to capital. Generally, expect to pay more and have more regulations. Read article
A friend of mine has a philosophy–it is called Plus One. Essentially, it is derived from camping experiences where you haul out everything you take in, leaving the area as you found it. But what if you went one step further and took out all of your “stuff” plus one more thing? How long would …
In small businesses across America, teams of executives are discussing what to do now that the economy is back. Some are wondering why they aren’t seeing sales rebound. Others are hiring like crazy. What accounts for the difference? The industry you are in? How good your product is? The attitude you have? The difference may …
Randy MacLean WayPoint Analytics Interview with Randy MacLean, President and CEO of WayPoint Analytics, Inc CEO Randy MacLean, of Waypoint Analytics, Inc. shares how “big data” can lead to competitive advantage and big profits.
When I speak with CEO’s around the country, I ask them to rank which of the following four issues gives them the biggest challenge: 1) defining the relevant market, 2) creating a purposeful culture, 3) crafting an effective growth strategy or 4) strategic implementation. Would it surprise you to learn that CEO’s find the most …
In business, what you don’t know WILL hurt you; do you know what you need to know to make better decisions? Have you ever wished that the planning and budgeting cycle we all slog through in the fall were easier? Maybe, you think to yourself, if only you started a little earlier or prepared a …
Some of you know that I recently went on a solitude retreat; five days by myself to read, ride and write. I have been encouraged to do so for years, not because anything is wrong, but simply to allow time to find the essence of the soul and develop clarity of purpose. While there in …
Ok, now that we know we are all in the same boat—not big fans of the traditional budgeting process, what can we do about it? How about learn to do it differently and better! Would you like to: • Enter the budgeting and planning process with greater clarity regarding market-based opportunities for performance improvement? • …
For most of us, there are few things we like to do less than the planning/budgeting process. There is never enough money, there is a lot of pressure to increase projections without enough resources to feel confident and it is hard to decide which projects to fund. Sound familiar? If you have encountered any or …
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