Running a business without a business plan is like rock climbing blindfolded. Your chances of making it successfully to the top are slim. And the process will surely be a death-defying one. (more…)

When it comes to money, your business, and your budget, being well organized and thorough pays off. (more…)

A healthy body demands routine checks and examinations. So does a healthy, thriving business. No matter what stage your business is in, to keep it going you must check its systems, pay attention to any ailments and prevent early death. (more…)

Simulation helps executives examine business consequences-both short-range and long-range – without incurring real-world risks. The following case study shows how a successful simulation helped a company identify strategies not previously considered. (more…)

If you think of your business as your child, you start to see just how important finding the right business partner is. Compatibility, vision and values are important measures when considering whether a partnership might be successful. Finding a partner who compliments your strengths and weaknesses and who shares your vision is no easy task. But it can make or break your business. (more…)

If you have been in business any amount of time, by now you have probably come across a sea of definitions for leadership, not to mention an ocean of books about this thing called leadership. But we all know leadership when we experience it. More importantly, we notice it when it’s missing. In business, the purpose of leadership is to inspire others to follow your vision/direction/dream for your business. That means getting people to move together in one direction–the direction that is going to sail your business successfully. And to do that you need a compass. (more…)

Running a tight ship is an important part of keeping your business afloat amidst the tumultuous economic tides of today’s business world. Assessing your cost containment strategies now can help sail your business into the future. (more…)

Most manufacturers are keenly interested in how they are performing financially. While business owners usually have a sense of how they are doing, the application of objective tools to assess a company’s financial strengths and weaknesses can be invaluable. (more…)

When it comes to financial information, many small businesses keep to the basic quarterly or annual statements from their accountants. Aside from dealing with the daily financial and cash flow issues, owners can make the mistake of neglecting valuable information—information that can be used to manage their businesses successfully now and optimize its health in the future. (more…)

At some point in your business consulting career, you will encounter a business that is in serious trouble. (more…)