• Are you up-to-date in every aspect of your business?

    14 Jun 2019 | 12:00 am

    A prophet wrote, "My people are destroyed for lack of knowledge" (Hosea 4:6 NASB). Today, business requirements will change at the drop of a hat. Read trade magazines, attend industry seminars, and attend trade shows to keep abreast of the[…]

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Category >> Management
Dec 08
2011

No Decision is A Decision

Posted by Steve Marr in Untagged 


Fay was unhappy with her current accounting software package. She had studied many alternatives and reviewed six proposals; but didn’t pick one. Knowing Fay was stalled, I explained to her, “Well, you have made a decision, a decision to do nothing at this time.” I reminded her that the reason for upgrading the software was to improve operations. Every day nothing happened was a day lost. 

Sep 02
2011

When A Business Icon Departs

Posted by Steve Marr in Untagged 

A tremendously successful CEO steps down. Perhaps they had a 30 year tenure or served during a time of excellent growth. How does a business replace an irreplaceable leader? In two words, “they don’t”.

 

Steve Jobs has stepped down as CEO of Apple. Steve was involved in many decisions in the company; he made many technology decisions that CEO’s typically don’t make. Delegate, train, empower is the system used by most CEO’s. Steve Jobs has an uncanny ability to be involved at a much higher level of detail with great success. He made tremendous investments on new products and consistently pulled those efforts off well.

Aug 17
2011

Double Up Office Space to Save Money

Posted by Steve Marr in Untagged 

Families across America have been moving in together to save money. Many adult children have moved back home while more elderly parents are moving in with children. One of the motivating factors is saving money. Likewise, businesses can save money by doubling up. Also, for someone ready to move from a home office this could be an excellent first step.

Many professional organizations have extra office space.  Rather than allow extra space to just sit, consider looking for a tenant.  You may get $250.00 to $800.00 per month, depending on the space and location. That’s between  $3,000 and $10,000.00 per year of potential income.

Small business with leases coming up may want to think through is this good option to cut costs? I know a number of people who have taken this step. A law firm renting to an insurance agent, a financial advisor renting to an accountant while another insurance agent rented to a small marketing company. In each instance the arrangements have worked well.

Aug 17
2011

Data Back Up- A Must

Posted by Steve Marr in Untagged 

A recent study released by Carbonite found 48% of small business with less then 20 employees lost important data last year. Hardware failures accounted for over half the data loss along with accidental deletion. Viruses were cited by 33% of companies loosing data and theft of equipment caused 10% of the data losses.

We all have lost data or hit the delete key at the wrong time.  Today, we have many choices of back up from companies that can automatically back up our files, or systems that are easily installed in a home or office. The key point is to figure out a good back up system, and do it, now.

Some backup systems are automatic while others require a process initiation to capture the data. Cloud computing has developed as a great solutions, allowing access to files any place, any time.

Aug 09
2011

Understand The Financial Statements Needed To Run Your Business or Department

Posted by Steve Marr in Untagged 

A key to business diligence is developing an understanding of financial statements. Many small business owners just want to get the work done. They may relegate paper work and financial statements to the bottom of the pile. King Solomon wrote, "The precious possession of a man is diligence." (Proverbs 12:27, NASB) Understanding financial statements is a key to effective business diligence.