by Lea Strickland | Jul 31, 2014 | Budgets and Financial Tools, Business Articles, Business Growth, Business Management, Cash Management, Entrepreneur, Non-Profit, Small Business, Small Business, Start-up
What do I do about customers who consistently pay late? Why does it seem that the money flows out faster than it flows in? These are significant questions for every business. Managing the cash flow is critical to a business’s viability. The cash flow equation...
by Lea Strickland | Jul 31, 2014 | Budgets and Financial Tools, Business Articles, Business Growth, Business Management, Cash Management, Entrepreneur, Perspectives, Small Business, Start-up
Becoming a profitable business is an objective that most companies seek, both as a stated goal and as a day-to-day objective. Businesses of all sizes and types, industries, and stages all look forward to profitability. However, as the old saying goes, the two...
by Lea Strickland | Jul 31, 2014 | Budgets and Financial Tools, Business Articles, Business Growth, Entrepreneur, Non-Profit, Small Business, Start-up, Strategy
Where does innovation take place? What drives innovation? Can an environment be created that fosters innovation? If so, can the opposite also be true? Do organizations hinder innovation by how they are structured and how they are managed? Where can the heart of...
by Lea Strickland | Jul 31, 2014 | Budgets and Financial Tools, Business Articles, Business Management, Human Resources, Leadership, Non-Profit, Perspectives, Small Business, Start-up
You may not recognize the phenomena by name, but many have experienced it. The coffee pot syndrome (CPS) is the first signal that a business has performance issues. CPS occurs when a business isn’t achieving profitability objectives and starts looking for ways...
by Lea Strickland | Jul 31, 2014 | Budgets and Financial Tools, Business Articles, Business Growth, Business Management, Business Plans, Non-Profit, Small Business
When we think of a business, we must think in terms of activities that produce resources and those that use resources. Everyone and everything in the organization is engaged in creating or consuming resources, or in some instances both. People who are paid for their...
by Lea Strickland | Jul 31, 2014 | Budgets and Financial Tools, Business Articles, Business Management, Small Business, Start-up
So many businesses are started by the seat of the pants, and with only the basics of knowledge about how to organize and run them. The businesses start spontaneously, with its founders’ limited exposure to various types of organizations and bits of information that...
