Happy Friday! I hope you’ve had a great week. Today, I would like to discuss some alternatives to reducing costs during business financial hardships instead of mass layoffs. Strong and effective leaders build trust in their companies and see their employees as their second family sometimes even as an extension of their family. When employeesContinue reading “E.O.W(End of the Week) Notable Tip: Alternatives to Layoffs during business financial hardships”
Category Archives: Business
E.O.W (End of the Week) Notable Tip: Reducing defects in a product
Happy Friday! I hope you’ve had a great week. Today, I will leave you with a short tip on how to keep product costs and defects low. “Whenever a faulty product/service reaches a customer, the costs associated with the error increase. Integrating preventative plans to detect and correct the nonconformity before the product/service is preparedContinue reading “E.O.W (End of the Week) Notable Tip: Reducing defects in a product”
E.O.W(End of the Week) Notable Tip: Insurance
Happy Friday! I hope you’ve had a great week. Today I leave you with a short tip on how CFO’s can save money on business insurance. “CFO’s can get better insurance deals by becoming involved and sharing with insurers balance sheet information, profit and loss, cash flow statements, credit ratings and cash reserves. In short,Continue reading “E.O.W(End of the Week) Notable Tip: Insurance”
Strategic Customer Analysis
It is common practice to determine your target customer when developing a business. However, this tunnel vision buyer group mentality leaves money on the table for businesses. To truly optimize profit and revenue a company’s leadership must be well aware of the many buyer groups (purchasers, actual users, and influencers) that can offer opportunity toContinue reading “Strategic Customer Analysis”
E.O.W (End of the Week) Notable Tip: Redesigning Business Models
Happy Friday! I hope you’ve had a great week. Today, I want to discuss business models. As we all know, changes in trends and customer behavior affects profit. Therefore, it is important that leaders stay abreast of trends that could affect their bottom-line and have solutions at the ready. They should also include non-customers intoContinue reading “E.O.W (End of the Week) Notable Tip: Redesigning Business Models”
E.O.W (End of the Week) Notable Tip: Strategic Plan Performance
Happy Friday! I hope you’ve had a great week. Today, I want to end this week with key insights on strategic plan performance. “Strategic plans should concentrate on critical success factors for the company, providing plans for closing the gaps between what the company is capable of doing versus what it needs to be ableContinue reading “E.O.W (End of the Week) Notable Tip: Strategic Plan Performance”
Lean Wednesday Tip: C Corporation Tax Savvy
“C Corporations realize more tax savings when they lease instead of buy assets.”
Taxes: Depreciation Categories
When buying assets it is important to know the best way to purchase and depreciate to take advantage of tax loopholes. Capital expenses usually include the following assets: buildings, cell phones, computers and software, copyrights and patents, equipment, improvements to business property, inventory, office furnishings and decorations, small tools and equipment, vehicles and window coverings.Continue reading “Taxes: Depreciation Categories”
Lean Wednesday Tip: Mitigating High Growth Challenges
“When you have a high growth atmosphere there are sure to be inefficiencies that start creeping up into operational processes. Effective leaders ensure value is maintained and/or optimized instead of lost, they create efficient workflows and make decisions by fact as a way to manage the increased challenges brought on by high growth, and don’tContinue reading “Lean Wednesday Tip: Mitigating High Growth Challenges”
E.O.W. (End of the Week) Notable Tip: Bulk Up Savings with More Cash Back
Happy Friday! I hope you’ve had a great week! Today, I want to talk about ebates.com and how this site can help your business save more money. Ebates is a shopping portal website that lets you earn cash back on your purchases. You can choose to either receive your cash via check or Paypal. It’sContinue reading “E.O.W. (End of the Week) Notable Tip: Bulk Up Savings with More Cash Back”
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