Asking the right “People Questions” will help build the right team force to help your business grow.
Once you have mastered your understanding of how your cash conversion cycle works, you can reduce or eliminate your dependence on outside financing and increase your return on capital.
To maximize your business performance, you must identify the 5 to 7 key processes that drive your business.
Learn how to finally be able to get your team all on the same track.
While it is unreasonable to expect to keep every customer, most business owners do not do enough to understand their attrition rate and to make necessary changes in their business strategy to reduce it.
Many entrepreneurs have traits and beliefs that have helped them become successful. However, the challenge they face is that they usually attribute too much of their success to themselves and do not have a handle on the other factors that led to their success.
The concept of configuring an unusual offering, one that differentiates you from your competition, is essential for two reasons: 1) the better able you are to distinguish your company from your competitor (“unusual offering”), the easier it becomes to appeal to your target customer; and 2) the more people you try to please by adding features, benefits and services, the higher your cost structure becomes and the less you stand out to your ideal target customer.
Is your retention issue in your company the result of poor leadership, process, or strategy?
Do you give enough consideration to how hiring the right people can bring value and help you grow your business? When companies have trouble turning profits into cash one area to focus on is inadequate staffing.
Are you confusing being busy with being productive?