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Steve Marr Blog

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Category >> Management
Aug 09
2011

U.S. Productivity Slipped, Is Your Business Improving?

Posted by Steve Marr in Untagged 

The Bureau of Labor Statistics reported the productivity rate fell during the second quarter of 2011 from .3% in the United States. Simply put, productivity measures the amount of output per hour worked. In any business, increased productivity is a good thing, while a drop is a bad thing.

Businesses gain productivity not just by cracking the whip and getting people to work harder. True productivity gains are based on investment in new equipment that makes workers more productive. The computer revolution is an excellent example, we can do so much more each day.

Improved productivity can also spring from improved work procedures and investment in training.

Jul 16
2011

Cash flow Is Different Then Profit

Posted by Steve Marr in Untagged 

One business owner told me, “I don’t worry about my profit and loss statement, I just worry about my bank balance. If I have cash in the bank, great, if not, bad.” While this may be a simplistic perspective, cash flow may be more important then how much income you report. 

A critical part of any business is cash flow. Every business either generates cash or consumes cash. Business owners and managers need to understand every component of a business and how cash flow is affected.

One business owner was investing to build inventory. They were holding around $500,000 in inventory, very high for the business. The income statement showed a profit that year of $55,000.00, but the business experienced negative cash flow of over $200,000. They were literally running out of cash. I encouraged them to replace less inventory when sold, and over 6 months were able to increase cash by $150,000.00, enough to stay out of trouble.

Jul 04
2011

A Consistent Game Plan

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Jun 01
2011

When A Major Mess Hits, Get To The Core Issue

Posted by Steve Marr in Untagged 

When we have a mess to fix, what we need first is facts--a clear understanding of the issue. 
Paul gave us an example and wrote, "Every fact is to be confirmed by the testimony of two or three witnesses" (2 Corinthians 13:1 NASB).

Above: Someone forgot the door window.

Jun 01
2011

When Issuing Instructions and Directives Ask For Prompt Implementation

Posted by Steve Marr in Untagged 

When you issue instructions, establish a timetable to follow-through; otherwise, delays may blunt the effectiveness of your plan.  The Lord spoke to Ezekiel and said, "None of my words will be delayed any longer" (Ezekiel 12:28 NASB).

Outline your plan or action items, issue your instructions, in writing if necessary, and be clear when follow-through is expected. 
Your idea of prompt, quickly, ASAP or soon may be different then another’s understanding of these terms.