Category Archives: Protecting the business

Haste makes waste; but to lag is to sag.

Let’s examine the relationship between time, quality and competitiveness. If you are getting the impression from these many insights that complex relationships cause simple problems, you are right. We have heard the “haste makes waste” ditty since childhood.  There is … Continue reading

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Wasted time is money lost.

There is a relationship between time and money that is more complex than most managers think.  Fixed overhead for salaries, rent, equipment leases and more make up the majority of the “burn rate” (monthly expenses) for most companies.  Since this … Continue reading

Posted in Finding your ideal niche, Growth!, Protecting the business | 1 Comment

Love letter to a … battery backup.

Well, if you’ve had a computer long enough, it has certainly happened to you.  Power surges, power outages, surges upon reinstatement of power, low or high voltage from your utility (brownouts or surges.)  I’ve had all of these over the … Continue reading

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Will tech kill your job?

Stop me if you’ve heard this story before. “My job as a (newspaper publisher telephone installer, stockbroker, travel agent, retail store manager) is safe as this economy continues to grow.”  Yup. Thought so. We are in a decade of creative … Continue reading

Posted in Hedging against downturns, Protecting the business | 2 Comments

Is your budget a forecast? When do you change mid-course?

Hold it! These are confusing terms. When does a budget become obsolete? Do we rely upon constant changes and call it a forecast? So, let’s spend a few moments defining this sometimes-confusing set of terms.  A budget should be created … Continue reading

Posted in Growth!, Protecting the business | 1 Comment

How to use metrics and a dashboard

Have you ever driven a car that had no speedometer?  I had that thrill when a student at the Richard Petty Stock Car School of Driving at a motor speedway in California.  With a wide track, angled aggressively at the … Continue reading

Posted in Growth!, Protecting the business | 3 Comments

How to protect your company lists and trade secrets

Most senior and middle level managers will understand when a subordinate comes to them to resign and begin a new business.  But all will immediately question whether the new business will compete in any way with their enterprise, and react … Continue reading

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Control your euphoria!

One thing a senior manager can count on is that someday, something will go right, very right.  Well, after all the disappointments, pressure and outright failures, this is NEWS. So we tend to go overboard a bit.  As a member … Continue reading

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Avoid the race to zero…

When do you sell your company?  Obviously we all want to sell at the top.  And there is the problem.  How do you know when you are at or near that right point to sell for maximum value?  Those of … Continue reading

Posted in Protecting the business, The liquidity event and beyond | 4 Comments

About personal use of corporate assets

It is no secret that the IRS looks carefully below the surface for personal use of company assets (including cash) in its corporate income tax audits.  This insight addresses more the impact of such behavior upon the actions of employees … Continue reading

Posted in Protecting the business | 2 Comments