In my recent book, “Understandable Solutions, Confessions of a Forensic Financialist” I introduced a business assessment methodology called the REARview Mirror (“RVM”). My aim was to develop a simple tool that can be used by both business and non-business professionals. The concept is simple: know your past performance or occurrences, understand why things happened the […]
November is the right time to adopt the REARview Mirror approach and conduct a review of your business. You need to know how your business is performing from a financial perspective. Why? Because the financial status of your business will dictate the longevity of your business model. In Tilman Fertitta’s recent book, “Shut Up and […]
Happy National Coaches Day! I consult and coach. I love both. Why? Because I see the impact I can make on others. In business, I help entrepreneurs, business owners, and executives improve the financial performance of their business. In coaching, I help individuals and teams strive for greater achievement. Those are the simple answers to a not so simple question of “who needs a coach?”
Did you know that September is International People Skills Month? Having people skills can make the difference between a solid career trajectory versus not so much. You may be curious as to what, exactly, denotes people skills. According to businessdictionary.com people skills can be defined as a set of skills enabling a person to get […]
Such a simple concept that can be applied to almost any situation. Review it. Examine in detail. Adjust what needs to be changed. Revise the future outlook. Realize the improved outcomes. The REAR Approach can work in your business, as well as personal life. Go ahead, it’s easy!
Here’s the deal… when people in the workplace gossip it hurts the company. Inappropriate conversation (or gossip) creates a toxic environment. What’s a “toxic environment?” It is an environment that is fraught with drama, infighting, intimidation, and GOSSIP. Here’s the short of it… when employees gossip it will create a toxic environment. Trust will nosedive. […]
U.S. Bank conducted a study in 2019 that concluded that 82% of all small businesses fail because of poor cash flow management or a lack of cash flow understanding. Do you know how much cash you need to operate should all your sales evaporate? Do you know how to determine that amount of needed cash? […]
Friends, these are troubling times. There is no way to sugar-coat what is occurring to our friends, families, local communities, country and global community. I don’t need to rehash anything you haven’t already heard or read in the news. The intent of this post is simply to provide some resources for immediate financial help and […]
In the book The E-Myth Chief Financial Officer by Michael Gerber and Fred Parrish, they noted the difference between tactical work and strategic work. Tactical work refers to getting answers and strategic work refers to asking questions. In a previous post I recommended knowing the details of your organization’s financial performance. Specifically, this is the […]
As a business owner or organizational leader, you need to love the details… even if they don’t show you much love back! Hopefully you had a chance to read my previous post regarding money and knowing your numbers. Now you need to figure out the “why’s” behind your numbers. Meaning… “Why do you have a […]
