As a small business owner, you may try to calculate your estimated taxes in your head and set aside money every quarter or so. This… Read More »Business is Like an Airplane Step 6 (Part 2): The Fuel (Your Cash Flow) – Setting Aside Money for Profit and Taxes
In a business, cash equals fuel. If you have cash, your airplane can keep flying. If you don’t, you’re going to crash. From very small… Read More »Business is Like an Airplane Step 6 (Part 1): The Fuel (Your Cash Flow) – The First Three Checking Accounts You Need to Run Your Small Business
Even with a solid and regular system of your Operations meetings, are there some topics that don’t seem to fall within any of those meetings? … Read More »Business is Like an Airplane Step 5 (Part 7): The Body (Your Overhead & Operations) – Three Additional Meetings for Your Company
Do all your Team members understand how they are performing in their roles? Does your performance review process intentionally review their performance, instead of judging… Read More »Business is Like an Airplane Step 5 (Part 6): The Body (Your Overhead & Operations) – Evaluating Team Member Performance – The Quarterly Performance Review Meeting
Does each of your Team Members know what is expected of them and then consistently receive feedback on how they are doing? If you’re not… Read More »Business is Like an Airplane Step 5 (Part 5): The Body (Your Overhead & Operations) – The Personal Priority Speed Check – Individual Feedback Weekly
Introduction Do your Department Leaders provide clear visibility for the individuals on their Teams to ensure they are working on the proper priorities for department… Read More »Business is Like an Airplane Step 5 (Part 4): The Body (Your Overhead & Operations) – The Department Stand-Up Meeting – Teammate Priorities Clarified Daily
Introduction Does your Leadership Team stay focused and drive initiatives forward? Or are they in reactionary mode, just dealing with problems and firefighting? If the… Read More »Business is Like an Airplane Step 5 (Part 3): The Body (Your Overhead & Operations) – The Leadership Meeting – Removing Roadblocks from Big Initiatives
Introduction Is your entire Team aligned around your three biggest priorities? Could they even state the three biggest priorities of the business? If the answer… Read More »Business is Like an Airplane Step 5 (Part 2): The Body (Your Overhead & Operations) – Alignment – Uniting Your Team Around Your Three Biggest Priorities
Introduction Does your company have too many meetings? Are they unproductive?!? Running an operation isn’t for the faint of heart. As an organization grows, the… Read More »Business is Like an Airplane Step 5 (Part 1): The Body (Your Overhead & Operations) – How to Run Your Company with Just Five Meetings
Part 3 – The Product Brief – Is Your New Product Worth Bringing to Market? Introduction Do you have a robust process to determine whether… Read More »Business is Like an Airplane Step 4 (Part 3): The Wings (Your Products) – The Product Brief – Is Your New Product Worth Bringing To Market?