Category Archives: Business Management

Cash is King- Make sure you monitor it!

    Whether you run a  private company or an investor in the stock market- you should know that operating cash flow (OCF) is the lifeblood of the company.  While investors and business owners often consider net income as their … Continue reading

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the economy and our country Need Rethinking (the lower case was chosen on purpose)

This blog is different from my other blogs. Micheal Bloomberg earlier this week said that 10% of all the new private employment this year arose within New York City. While that may be wonderful (and it is) for New York- it is abysmal for the rest of America. We need to take action. Continue reading

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Our choice of branded objects provides self-affirmation

New research indicates that the more religious we are, the less drawn we are to branded products. Continue reading

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Creative Enterprises Are The Province of Everyone- Age is NOT a barrier!

When I was organizing (ok, dreaming up) my professional career, I made a decision that I needed to develop two new products or processes every single year.  Not a running average- a minimum.  If I failed to do so, it … Continue reading

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New Year’s Resolutions (OK, new fiscal year for some of you): Time to Re-evaluate Your Life

OK, I get to have two New Year’s celebrations.  But, I use the one that comes in September/October to re-evaluate my life and my choices.  Since many of you (still) operate using fiscal years (or cater to the government), this … Continue reading

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Starting a business is like falling in love… No, it is falling in love…

Starting a business is like falling in love- no, it IS falling in love. We love the idea and mentally feel the same as falling in love with another person. And, starting a business with another person is like getting married. But, in this case the “prenuptial” agreement is NOT optional. You must have governing documents to resolve the issues described herein. Continue reading

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We are social animals- at home, at play, and at work

We are social- and it is our brain that insures that we remain social animals. From perceived pain when we are excluded from groups and the need to surround ourselves with friends, our brain sets the tone. We need to keep this in mind when we manage and lead others, as well. Continue reading

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A receivable is only a valuable asset if you collect upon it!

Receivables can be an indication of business performed- but only if you collect. As such, it is critical that receivables are RECEIVED. Here are some ideas to insure that this occurs. Continue reading

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Business Sales and Valuations (even if you don’t want to sell)

Even a business with a strong balance sheet, reasonable income, gross sales over $ 1 million does not command a $ 1 million valuation. Just like selling your house requires you to make sure everything is in order and presents well, so does your business. Even if you don’t plan to sell it- you need to think about these elements. Continue reading

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At least annually- but quarterly is better…

We want to succeed. That means, at least once a year, we need to insure that our staff all employs a common language and agrees upon the corporate goals. Quarterly, progress reports (and language “updates”) provide reinforcement. You can use this story to get the ball rolling. (Oh, I had to use that analogy….) Continue reading

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