“Burial Costs” are the special costs that need to be paid when closing a business. Because the wind down of a company is, by definition, a singular event, it’s easy to be blindsided by the processes, obligations and funds required. Today’s newsletter examines the details of burial costs with an aim towards helping you minimize personal liability and future aggravation. Read more…
You won’t be surprised to hear that there is no “one size fits all” solution for the location within a business of a given task. And yet this is a nontrivial question, given the significant impact on both profitability and customer experience that task location can exert. Today’s newsletter considers several key factors to consider when making these decisions in your organization. Read more…
Sometimes, and when all efforts at turning around the business have failed and there are no buyers or sources of new funding, the only option remaining is liquidation. At best, it’s a difficult situation, and management often fails to grasp how low the recovery will be. Today’s newsletter looks at why assets in liquidation are worth far less than most business owners think. Read more…
The decisions you make as they relate to your organization can have significant impact in both the near and long term, up to and including the very survival of the business itself. Today’s newsletter focuses on the importance of establishing processes for the important ones. Read more…
Collecting and analyzing data is important to make sound decisions. On that we can all agree. That said, the presence of statistical significance does not necessarily tell the entire story or reliably predict future outcomes. In today’s newsletter, I examine to two primary reasons that all data is not created equal, and offer several suggestions for reviewing and using data in your decision making. Read more…
Every company encounters problems. And every company does its best to eliminate them. But what about the problems that keep coming back, despite the development of a process to fix them? Today’s newsletter explains the importance of “institutionalizing the fix,” and offers suggestions for getting this done in your organization. Read more…