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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.…

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Posted in Business Best Practices, CFO Services

Why Every Business Owner Should Implement a Budget, And How To Do So

Many business owners that I talk to do not have a budget or a business plan in place. “I’ve never had a budget or a plan, why do I need them?” and “If I had them what would I do with them?” are common comments, so much so that I now consider these comments “normal”.…

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Focus on Intangibles to Maximize Business Value

intangible assets knowledge brands trademark creativity idea patentMany business owners believe the best way to maximize the value of their company as they prepare for an exit is to focus on improving financial or operating performance.

My goal is to debunk that commonly-held belief.

Improving revenues and profitability will increase value, but not maximize it.  …

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Posted in Business Best Practices, CFO Services, Exit Strategies

Strategic Plans Are Less Important Than Strategic Planning

Strategic-Planning

Do you avoid developing a strategic plan because it becomes obsolete almost before it is completed?  No plan survives contact with reality.  However, without a plan or direction, and a planning process in place, your business will most likely attain lackluster results and never achieve its full potential. …

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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.…

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