Learnings from the Management Consultant: Be Impeccable with Your Word

Years ago a mentor recommended, The Four Agreements, by Don Miguel Ruiz. The book offers the readers four agreements you can make with yourself that, if followed, have a profound affect upon how you live your life and the effect other people have on you. The book changed my life. The first of these agreements, […]

Tips from a Management Consultant: “Day in the Life Of” (DILO)

When a team of management consultants are brought in to optimize a company’s results one of the tools they often use is “Day in the Life Of” (DILO) studies. These studies are conducted with managers to determine what percent of their time is spent in value added versus non value added activities. These studies are […]

Setting Yourself up for Success: Making the Right Decision at the Right Time

There is a natural inclination for new business owners to spend an inordinate amount of time making even simple decisions: What will I name my business? What hours should I be open? Should my logo have two or three colors? Where will I open my business account? Which supplier will I use? At what point […]

Leveraging Forture 500 Business Practices: Managing Risk

Fortune 500 companies use a formal process and mathematical models to manage risk. Depending upon the industry, the appropriateness and validity of their models can be subject to regulatory oversight and require certification by an independent auditing firm. Failure of these models to gauge the probability of risk or the resultant cost associated with recovering […]

Staying the Course: Baby Steps

Many years ago there was a movie, What About Bob? In the film Bill Murray played a character who was getting professional help and was taught to take “Baby Steps” to reach his goal. I was reminded of the film when I was talking with a friend recently who started a home based business last […]