The material and labor shortage are likely to stay with us for some time. Now, it is more essential than ever to keep close tabs on where your company is financially. With that in mind, today’s newsletter examines several financial best practices that are critical to navigating through these challenges. Read more…
Financial restructuring generally refers to a series of financial transactions that results in existing equity being significantly diluted and/or wiped out. It is rarely a pleasant process and, thankfully, not something most debtors have a great deal of experience with. By understanding what’s involved (the subject of today’s newsletter) and enlisting the help of qualified and experienced financial and legal counsel, you can achieve the best possible outcome for yourself and your business. Read more…
The critical path can be defined as the sequence of tasks determining the minimum time needed to get something done. Identifying and understanding these tasks is essential to ensuring that the necessary work in your organization gets done properly and on time. Today’s newsletter examines this important concept and shares tips for managing it effectively. Read more…
Fundamentally, leadership is about getting people to move in a particular direction. In my experience, that comes down to communicating a clear vision, ensuring that people understand their role, and staying visible throughout the process. In today’s newsletter, I take a look at how this plays out in practice and share additional recommendations. Read more…
Opportunity cost is a big picture means of looking at things. It comes down to determining the highest use and highest value of a limited resource, whether that’s time, money, production capacity, or something else. In today’s newsletter, I examine four critical constraints that create opportunity cost in the first place and share suggestions for identifying and managing them. Read more…
When evaluating business decisions that have gone wrong, I often find that it is the data itself — not the conclusions that were derived from it — that was flawed. In today’s newsletter, I share examples of how bad data has led to bad decisions, and offer suggestions for ensuring that the data you rely on is well conceived.
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