Do you sell accounting services? No? Then why are you managing an internal accounting department? Sales are plummeting for businesses. People have to work from home. Oh, whoops, the accounting software is on a desktop computer. Cheques are in the file drawer. And, darn, most customers mail us cheques! Help!! It is not too late.…
It is now almost mandatory around the globe to stay at home. And work from home. Not everyone can work from home. For those that can, here a few tools and tips to get started… Zoom Video – Next Best to Live Meetings Zoom Meetings are high quality, easy to use and inexpensive. They have…
What is a sunk cost? It is a cost of a decision to buy or lease something made in the past. It could be a past decision to hire a person. This would have an ongoing cost attached to it. It could be a past decision to buy a vehicle or piece of equipment. There…
I am an optimistic person by nature. I work from home. I work from different parts of the world even. My entire Team works from home. I set up this structure for efficiency gains for our clients. I set it up this way for maximal freedom and lifestyle for myself and my Team. We have…
Every industry is crowded. And, everyone thinks they’re different. What gives? Most business owners look to their peers and follow the leaders. This makes for “me-too” businesses that are all pretty much the same, and, well, boring. The hotel industry is a crowded space in any city. And especially in the city of Nairobi, Kenya.…
Many, many people in business make a big mistake when it comes to pricing. It is this – they look to their costs first, add a markup and that becomes their price. The problem is that, no one cares what your costs are! People care about two things – value and price. When you shop,…
Managing inventory can be a very challenging and complex task for any business. When you don’t get it right it can be expensive as inventory is “money on the shelf”. You have invested your hard-earned cash – think of those items on the shelf like gold bricks or one hundred dollar bills. If it “falls…
In any business it is critically important to adopt a mindset of continuous and never-ending improvement. No business is ever “done”, as in it has perfect systems that never need changing. In practicing continuous improvement, the focus must be solely on one thing – what your customers value; what they truly value. And the best…
The other day I read a fabulous article in a prestigious journal on economics as it pertains to the dignity of the human person… One article stood out as particularly relevant and powerful. I have always been a strong believer in the merits of a free market economy, and still hold to that (without the…
For a very long time I have wanted to figure out a way to get some powerful awesome service programs hosted online so our clients could access them and run them from the cloud… We used to run these programs for our own Team as well as our clients. They are relatively expensive as well…