With the exception of volunteer organization cash is the life blood of every company. You know this reality more intimately than you may realize through the monthly expenses and income you experience. Are you living paycheck to paycheck? Or, are you making enough to cover your bills with some left over to put into savings? […]
What Is Cash Flow Management And Why Should You Care? Read More »
You may not realize this but as an entrepreneur one of your main functions is finding the balance between chaos and bureaucracy. If you take a look at successful organizations you will see they have somehow found a happy medium between these two extremes. It is this balance that allows organizations to flourish and will
Chaos vs Bureaucracy: The Entrepreneur’s Guide to Balanced Growth 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 »
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 »
I recently had an interesting conversation with a business owner on the topic of how to manage a business successfully. We concluded that all businesses are working towards further growth and that a primary management concern is growth strategy. So, to manage a business successfully, one must manage growth successfully. How is this accomplished, and
How to Manage a Business Successfully Through Every Growth Stage Read More »
If you run a shop floor, a service operation, or any process with more than two steps, you have a constraint. One step limits everything else. Drum Buffer Rope is the Theory of Constraints answer to that reality: a scheduling method that stops you from optimizing the wrong things and focuses the entire system on
Understanding Drum Buffer Rope (DBR) in Theory of Constraints Read More »
As an entrepreneur or small business owner there is constantly a demand for three primary resources. The three resources are human capital (knowledge), financial capital (money), and time. Entrepreneurs have to find the balance on which to use in place of the other often a conflict can exists between spending time or spending money? With
How to Master Small Business Resource Management Read More »
