The last 6 months my life has been consumed by a remodeling project which has taught me a few valuable lessons. I hope to get into the specifics of the project in a later series of posts but for now all you need to know is that we tore a rental house down to the […]
Essential Lessons Learned from My Rental Property Investment Experience Read More »
Every practitioner of the Theory of Constraints (TOC) is familiar with “The Goal: A Process of Ongoing Improvement – 30th Anniversary Edition” by Eli Goldratt. The book is an oldie but a goodie with the first edition published in 1984. I don’t know that it was Eli’s first book but it is most certainly his
The Goal by Eli Goldratt: Essential Theory of Constraints for Entrepreneurs Read More »
I found myself in yet another interesting conversation with a successful entrepreneur on the topic of successful business practices. We were discussing what is needed within an organization as it grows from a mom and pop shop to a mature corporation. It is obvious that the demands of the company will change as it matures
How to Measure Business Performance: Understanding Effectiveness vs Efficiency Read More »
It seems most people could use additional money on the side so I wanted to share with you a few things I have done to give you some part time money making ideas. What are the two things we never to seem to have enough of? Money and time. I believe this is why many
Part-Time Money Making Ideas: Real Side Hustles That Generate Extra Income Read More »
I recently met with my financial advisor and our discussion sparked an idea for this post. I am going to discuss the business cycle and how as entrepreneurs we can better position ourselves to take advantage of the phase changes. The Business Cycle As you know there is an ebb and flow to our economy
How Entrepreneurs Can Profit from Business Cycle Phases Read More »
A series of conversations has prompted me to address the importance of the human element as it pertains to small business. It seems as though most understand the importance of financial capital and overlook the role human capital plays in successful companies. I find this interesting especially because the significance of human capital can arguably
The Critical Importance of Human Capital for Small Business Success Read More »
I have heard a lot of talk lately about lean and iterative startups and I must say I fully agree with the approach. People seem to jump in with both feet before they even know if there is water in the pool. Starting small and releasing a product as quick as possible cuts out a
How the Iterative Development Model Reduces Startup Risk Read More »
Sometimes a short-term problem, once solved, becomes a long-term business advantage. I have never had a need to take credit cards other than maybe once or twice here and there over the last few years, and we’ve always found a solution that gets us through. But just last week I had a government customer that
When You Suddenly Need to Accept Credit Card Payments Read More »
Managing inventory variability is a constant struggle in business one tool to help manage this is a regression analysis. A regression analysis is a statistical assessment of date that seeks to identify a general overlaying trend. It defines a sample set of date as a line. Like all statistical tools a regression analysis has limitations
How Small Businesses Can Master Inventory Management with Data Analysis Read More »
A conversation with a college student has pushed me to address the issue of alignment between oneself and one’s occupation. If you have ever taken the Myers Brigs you may have an idea of what I am talking about. It may seem rudimentary but aligning one’s self with a complimentary profession is not a cut
Are You Aligned With Your Professional Purpose? Read More »
