The Dangers of Neglecting Strategic Planning
Without a strategic plan, a company risks: Missed Opportunities: Not having a clear direction can lead to missing out on valuable market trends or growth opportunities. Inefficient Resource Allocation: Without a defined strategy, resources might be wasted on...
Business Valuation – Your Workforce as a Major Source of Intangible Value
Four years after the worst of the COVID shutdowns and COVID benefits, the labor market appears to be calming down. COVID demonstrated the importance and business value of having a skilled, loyal workforce. "A great system is when average people get outstanding results...
How To Cut Expenses
Review processes with your staff.Often, they know of things that are duplicative or no longer necessary. Remember that software upgrade that improved efficiency?Did you really rework your process to take advantage of the efficiency. Perhaps you no longer need that...
Rose Colored Glasses and Breaking Through Our Listening Blocks
Have you ever worn rose colored glasses? At first, everything is pink. Weirdly pink. But then you get used to it, and it seems normal. Kind of like, "It’s just the way it is, the way things work." Rose colored glasses are a filter for our eyes. We also have filters...
Manage Risks to Increase Business Value
At the highest level, business value is simple. The formula is: Business value = Forecast Future Cash Flow / Risk In business valuation risk is the likelihood of achieving the forecasted cash flow in the future. Risks come from many angles and chip away at...
The Hidden Multiplier: How Company Productivity Boosts Everything!
In the fast-paced world of business, productivity is queen and king. Overall, improving productivity is not just about doing more work; it's about working smarter, achieving better results, and creating value for all stakeholders involved—employees, customers,...
Add Great Customers for Business Growth
A great customer for a business is typically one who brings long-term value and positive contributions to the company. They appreciate the value you bring, the quality you pour into your work, and the passion that fuels your hustle. Here's what makes a customer...
Is Your Pricing Stuck on Autopilot? Learn How Airlines Maximize Profits
Airline pricing strategies are complex and dynamic, influenced by a variety of factors such as demand, competition, operational costs, and historical customer behavior. Airlines employ several pricing strategies to optimize revenue and stay competitive in the...
The Balancing Act: Managing Risk While Taking Money Off the Table
Reducing business risk is not merely about safeguarding profitability, it's about building a foundation of trust and security. When navigating turbulent economic waters - every employee, their families, their financial hopes are banking on your decisions. While...
From Pawn to Queen: Elevate Your Business with Strategic Planning
Planning is a process that involves thinking ahead (hence playing chess) and organizing actions to achieve specific goals. Successfully done, it can allow management to see the future and act quickly on opportunities or threats growing the value of the business. The...