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Steve Marr Blog

Steve Marr's contributions
Category >> Management
Sep 09
2019

When Inventory Doesn’t Sell

Posted by Steve Marr in Untagged 

Most businesses that sell merchandise will end up with inventory.  When inventory turns over quickly, we have a good investment.  However, when inventory sits on a shelf for many years; it drains the business instead of building it. 

Inventory that sits around is an expense in two critical ways.  

  • First, the merchandise takes up space that could be allocated to products that do sell and generate profit.
  • Second, sitting merchandise ties up funds which could be deployed for other purposes. 
Sep 02
2019

Understand Your Assets

Posted by Steve Marr in Untagged 

Business leaders should understand the assets under their authority. These assets include human resources, cash, and other physical and Intellectual properties. 

In Scripture when the Lord prepared to feed a great number of people and the disciples considered it an impossible task; the Lord responded, “’How much bread do you have? . . . Go and find out.’ They came back and reported, ‘We have five loaves of bread and two fish.’”(Mark 6:38, NLT)

Aug 19
2019

Should a Business Own the Cell Phones Employees Must Use?

Posted by Steve Marr in Untagged 

Many businesses have staff who use a mobile phone for business purposes. A company may be tempted to allow the employee to use their own phone and give them a small allowance to cover the business expense.  Generally, businesses do this to reduce cost to the business or to prevent a staff person from needing to carry another phone.

My perspective is that the business should own the phone.  Here’s why.  First, in today’s environment the cost of an additional phone is not significant. You don’t have to provide the newest or expensive upgraded phone, just a phone that meets the need.

Jul 22
2019

Don’t Allow Others’ Problems to Become Yours

Posted by Steve Marr in Untagged 

Frequently, I’m tempted to insert myself into situations which are not my business. While there are ministry circumstances where the Lord leads us to put ourselves into other people’s problems; generally, I belong to the mind-my-own-business club. King Solomon instructed, “Like one who grabs a stray dog by the ears is someone who rushes into a quarrel not their own.” (Proverbs 27:17, NIV)

Feb 04
2019

Ask Great Questions

Posted by Steve Marr in Untagged 

When a small child asks me the why question, it usually begins an unending series of more why’s that easily annoys. I get frustrated with the why question because it isn’t a specific question; thus, doesn’t have a specific answer.

In our business, it is important to ask specific questions that will lead to obtaining the best answers quickly. It’s the same thing we learn from using Internet search engines. The more specific the question, the better the answer we receive.