1) When You Think Big, the Problems Are Bigger
Here are my observations of being in deep problems in business and dealing with a mountain of debt:
Fear is not a good motivator; it leads you into panic and that makes for bad decision making. Anger and resentment are also emotions which are never far away – [...]
Do You Have Business Management Skills?
To help you identify where you may need to develop your managerial skills,
complete MANAGEMENT SKILLS CHECKLIST below and see how you score. Do you have what it takes? You need to answer yes to these twelve important questions.
If you didn’t answer yes to all the questions, you now have a [...]
From my observations and experience as an owner-manager and in training and advising other owner-managers over the past few years, I have observed a three-phase pattern of small business development. This is by no means a universal model but it does help to understand the development process. In some cases, new firms fold or their [...]
BUSINESS KNOWLEDGE
This section considers the range of business knowledge and understanding that is essential as a background and foundation for the business analyst’s work.
Finance and the Economy
The universal language of business is finance. Even in the public and not-for-profit sectors of the economy, finance plays a key role in deciding what funds are available and [...]
Cost-Benefit Analysis
Overview
Cost-benefit analysis is the weighing-scale approach to reaching business decisions: all the pluses (the benefits) are put on one side of the balance and all the minuses (the costs) are put on the other. Whichever weighs the heavier wins. If the costs weigh more, the proposal gets the thumbs down; if the benefits weigh [...]
Manage Yourself and Then Your Company
All management books, including those I have written, focus
on managing other people. But you cannot manage other
people unless you manage yourself first.
The most crucial and vital resource you have as an executive
and as a manager is yourself; your organization is not going to
do better than you do yourself. So the [...]
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