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…

Budgets! Yuck, that word can imply a lot to many people…like, extra work, restrictions (who wants limits in business?!), confusion (where do I start?), and procrastination (who has time at this time of year?) With all that in mind, for those of you that are ready to create a budget for 2020, here are some…

Many people might answer the question above by saying, “to make a profit”. After all, why else would you be in business, if not to succeed and make a profit? Fair enough, however, consider in another area of your life – health. Would you ever say, the purpose of my life in the area of…

Michael Gerber, whose business books are huge bestsellers (millions sold) has coined some powerful, memorable phrases that hit you like a bullet, and you never forget. One of those phrases is that business owners need to work “ON their business, not IN it”. What exactly is Gerber getting at? He is pointing to the truth…

How much is enough? It is a question we can all ask ourselves, especially when it comes to consumption. The greatest joy in life comes from creating versus consuming. When we are creating, we are most fulfilled. Whereas consuming is like any addiction – we get a momentary shot of pleasure, followed by a crash,…

I often get told that we accountants must dream in “black and white” because most reports are, well, “black and white”. For me, I love color, and it is amazing how even the two colors “green” and “red” can really make a set of reports come alive and make more sense. In fact, the program…

Common sense would dictate that fear as a motivator in business is a really bad idea. Yet, we all know, a gazillion bosses never got that memo! 😊 How did that all come about? By people taking seriously a really evil guy’s advice from about 500 years ago – Niccolo Machiavelli, who wrote a book…