There’s an old saying regarding family-owned businesses: “Shirtsleeves to shirtsleeves in three generations.” It means the first-generation owner started in shirtsleeves and built the company up from nothing but, by the third generation, the would-be … [Continue reading]
Build a solid frame for your performance management system
Most organizations reach a point where they could substantially benefit from formalizing their performance management system. Doing so typically isn’t easy, of course. Many employers prop up an old system involving an employee manual, perhaps various … [Continue reading]
How profitable are your customers?
“We love our customers!” Every business owner says it. But all customers aren’t created equal, and it’s in your strategic interest to know which customers are really strengthening your bottom line and by how much. Sorting out the data If your … [Continue reading]
2017 – 12/14 – Last-Minute Holiday Gift Ideas For Grandparents
Make New Year’s resolutions to improve profitability
Many people scoff at New Year’s resolutions. It’s no mystery why — these self-directed promises to visit the gym regularly or read a book a month tend to quickly fade once the unavoidable busyness of life sets in. But, for business owners, the … [Continue reading]
2017 – 11/09 – I WONDER …. CAN I PAY BONUSES IN 2018 BUT DEDUCT THEM IN 2017?
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