This is about risk management. The risks to be managed include inaccurate accounting reports, preventing leaked information about your customer lists, or thefts of the company’s cash, inventories, personal property, intellectual property and proprietary information....
It was 1940 when Maurice and Richard McDonald opened their fast food restaurant in San Bernardino, CA. Fifteen years later they’re doing great in their single-location restaurant when a funny thing happened. At age 52, all-purpose salesman Ray Kroc was selling the...
We all understand terms like Pretax Profit and EBITDA that we use to describe our company’s bottom line, but what tells us where that profit (or loss) is really coming from? The answer is a set of numbers that rarely appears on an income statement. While the...
It was nearly 20 years ago when I first approached this topic, something just about every consultant on the planet has an opinion about. While we’ve helped a fair number of privately owned companies get sold, I’m not here to tell you if or when you should...
I’m not a techie, but I spend hours each day at my computer. Pain in my index finger is nearly constant, even when I changed to a trackball and shifted my clicking finger. So I rallied when I read the current (September 2020) issue of Consumer Reports, which...
Management teams often disagree on key issues affecting the business, based on their own view of what’s working and what’s not. If a consensus is desired, that leaves it to the CEO to consider those views and set the best course of action. But what if it’s not clear...
