How Will Automation Effect Your Business?
Remember when cruise control was just on flash cars? When a Mercedes stunt to demonstrate automatic emergency braking went terribly wrong and the car failed to stop and instead hit the car in front of it? You have to feel for the people involved. They genuinely wanted the car to be safer. The thing is, […]
Reduce Risk During Rough Times
Humans have an innate tendency to take more risks when we are under pressure. Put what’s left on a horse race, kick a ball from far away, that sort of thing. We all love the dramatic stories of when it works out against all odds. But against all odds says it all. Running a business […]
Your Time Sheet Needs To Add Up To A Whole Day
This is for all the people that use timesheets. There is an old accounting saying that if something is out by only one cent it could be out a thousand dollars one way and a thousand dollars the other. Accountants are taught to always balance to the cent. And you should adopt this principle for […]
Can All This Technological Disruption Work In Your Favour?
All those trend setters, not following traditional business models, have the opportunity to build a modern, agile and flexible businesses unimpeded by their past – but they also face more risk, and even if you are doing these in traditional ways there’s still time to change the road you’re on (thanks Led Zeppelin). This is […]
You Own The Profit
Happy New Year all. I hope you had a great holiday if you managed one. Fresh for a new year and, like most people, with eyes on goals for the year I thought about why people take so many risks to run a business. The simple and obvious answer, and therefore probably wrong, is that […]
Why You Should Have An Advisory Board Meeting Every Two Months
The most successful businesses I’ve worked with have all had one thing in common, they all had some sort of advisory board. Not someone telling them what to do, instead a safe place to float ideas and get support. It works best where you find for your advisory board experienced people, usually a little older, […]
Do You Have Enough Cash For January?
I know everyone is flat out right now but it’s a really good time to do a cash flow forecast and make sure there will be enough cash to get through the usual January dry spell. You probably need a nice rest, not sleepless nights. It’s the same every year. Accounts departments close down and pay […]
The Debit Is Near The Window
That’s an old accounts joke. It’s only funny if you’ve ever struggled with an accounting course. And everyone does when they first start. For budding entrepreneurs having to pass an accounting unit can be downright terrifying. Lots of successful people have told me they feared the numbers at some stage, and they had to sit […]
Competitive Advantage Is Being Good At Things Other People Think Are Too Hard
The Dalai Lama said “It is under the greatest adversity that there exists the greatest potential for doing good, both for oneself and others.” We all know that feeling of being overwhelmed by what lies ahead. We get better, as we get older, at remembering that we have overcome things that once scared the hell […]
Why Businesses Fail
We like saying we are no smarter than anyone else but we get to see inside a lot of businesses at the shop floor level. We have seen some failures, not as much as experts in that field but I want to share with you some things I’ve learned over the years. Hopefully it might […]