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 […]
In this morning’s Houston Business Journal, a story by Mr. Chris Mathews referenced BBVA USA chief economist, Mr. Nathaniel Karp. Mr. Karp indicated that the bank is forecasting negative GDP growth for the U.S. through June 30 due to COVID-19. Additionally, Mr. Karp suggested that Q2 could experience the largest drop in economic activity since […]
For those who have seen the Christmas classic It’s a Wonderful Life, do you recall the scene where George Bailey is talking with his guardian angel, Clarence? George needed $8,000, but Clarence didn’t have any money on him. He was an angel after all. He didn’t carry cash. Well, we probably all feel a little […]
The term “recession proof” has come up a lot over the past two weeks. The first question to ask, “Are we in a recession?” The answer is emphatically “yes!” I hate to say it, but it is the truth. We are in a recession and let’s hope it doesn’t get worse. Now, that said, what […]
Just looking at a picture of a puppy should put a smile on your face, right? In 1952, Norman Vincent Peale told us that positive thinking will make our lives much better. In his book, The Power of Positive of Thinking, he said “The way to happiness: Keep your heart free from hate, your mind […]
The word “perseverance” has never had so much meaning. Merriam defines perseverance as a steady persistence in a course of action, a purpose, a state, etc. especially in spite of difficulties, obstacles, or discouragement. Yes, I think this is the perfect term for our current state. But in the face of all that is going […]
