Category: Business Best Practices

Are Past Due Balances Putting Your Cash Flow at Risk?

Cash is the lifeblood of every business. Maintaining healthy cash flow is key in providing sufficient working capital to fund operations. One potential cash flow trap is accounts receivable. If you have a business that sells to wholesale customers, you typically have to offer them payment terms. Collection from these customers can be a challenge.… Read more »

The Frankenstein Monster – A Business Parable

Administrative Infrastructure “The Continuum from Meatball Surgery to Rocket Science” My son began watching “The Simpsons” when he was in his teens. Although I wasn’t particularly interested in cartoons at that time in my life I decided that I should check out what he was watching to maintain my street-cred. After adjusting to the rather… Read more »

Smartphones: The Modern Swiss Army Knife

smartphones

I recently helped my son move from Indiana to Texas. This meant 22 hours of taking turns driving the rented truck that contained his worldly belongings. In between sharing stories of old times and catching up on his endeavors, I noticed how much I used my smartphone on things other than making phone calls. I… Read more »

Why I Hate Job Descriptions! – We Need a Better Mousetrap…

Cons of Job Descriptions

Before you breathe a sigh of relief and think I am recommending abolishing the task of writing job descriptions, think again! Job descriptions are vital to any organization, particularly in efficient well-run businesses that are facing rapid growth, increasing competition, changing market conditions, technological hurdles, and a host of other challenges lining up on the… Read more »